Montgomery County, Indiana
2024 Land Sales Report
Montgomery County’s land market enjoyed another year of increases in 2024, but current patterns suggest price growth may be cooling off in 2025.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Johnny Klemme today at (765) 427-1619
Average Price of Land*
$13, 182/acre
Jan. – Dec. 2024*
As high as $21,891/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland in our sampled data report from January – December of 2024 was $13,182/acre and the average price per productivity index point was $161.60 based on the below sampled data. It is important to note that in 2024 there have been farmland sales as high as $21,891 per acre.
Since 1977, the Geswein Farm & Land Team has been advising landowners to be stewards of the land and make decisions based on most current, accurate, and relevant data. The information in this report can provide you with a rough estimate of your property’s value; however, understanding the specific characteristics of your property and how they compare to the other sales will provide the most accurate value of your property. Additionally, properties sold by land brokers via auctions or listings consistently outperformed individual to individual transactions and properties sold by traditional home realtors.
By The Numbers
Recently, approximately $26 million worth of farms and rural land were listed for sale in Montgomery County, Indiana, according to Land.com. These listings covered a total of around 1,000 acres. Among Indiana’s 92 counties, Montgomery ranks 58th in terms of total acreage currently on the market. Crawfordsville led the county with the most rural properties and farmland available. Covering 505 square miles, Montgomery County is the 12th largest in the state and is located in western Indiana.
The most recent USDA farmland census reveals that Montgomery County has approximately 252,762 acres of farmland. The county’s average farm size is around 388 acres, with over 651 farms operating within its borders. Corn and soybeans are the predominant crops, contributing significantly to the local agricultural economy. The census also indicates that the majority of farm operators in Montgomery County are family-owned businesses, emphasizing the importance of agriculture to the community’s heritage and economy.
Overview of Montgomery County Agriculture
Location and Geography: In west central Indiana, Montgomery County is defined by low, rolling hills, and productive farmland, with the Sugar Creek and tributaries providing natural drainage.
Major Crops –
- Corn
- Soybeans
- Wheat
Montgomery County’s productive farmland is ideally suited for corn, soybeans, and wheat, following the same cropping patterns as its neighboring counties. Though detailed acreage is less readily available, the county’s agriculture is firmly centered on traditional row crops, making it a key player in Indiana’s grain production network.
Montgomery County is part of Indiana’s heartland, with its majority of 322,956 acres classified as farmland. The county’s agricultural industry is dominated by corn and soybeans, whole specialty crops like winter wheat, popcorn, and speltz also contribute to farm diversity. This region echoes statewide trends where 94% of farms are family-operated, averaging 272 acres per farm in Indiana. Land prices are sustained by strong local demand and limited supply.
History & Background of Montgomery County, Indiana: Home of Beautiful Shades State Park
County Seat: Crawfordsville
Townships: Brown / Clark / Coal Creek / Franklin / Madison / Ripley / Scott / Sugar Creek / Union / Walnut / Wayne
History: Organized in 1822 and named for Revolutionary War hero, Major General Richard Montgomery
Population: 38,273
Cities & Towns: Alamo / Crawfordsville / Darlington / Ladoga / Linden / New Market / New Richmond / New Ross / Waveland / Waynetown / Wingate
Acreage: 322,956
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Montgomery County, Indiana.
The 2022 Ag Census for Montgomery County, Indiana, reported the following crop statistics:
Number of farms: 651
Land in farms (acres): 252,762
Average farm size (acres): 388
Total market value of products sold: $235,467,000
Government payments: $1,696,000
Farm-related income: $11,601,000
Total farm production expenses: $158,770,000
Net cash farm income: $89,993,000
Sources / Citations:
Source 1:
“United States Department of Agriculture.” USDA, www.nass.usda.gov/Statistics_by_State/Indiana/Publications/County_Estimates/index.php#:~:text=Access%20Quick%20Stats%20Lite,to%20NASS%20Surveys%20and%20Programs. Accessed 16 June 2025.
Source 2:
“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18107.pdf. Accessed 16 June 2025.
*The transaction and land sales data/information contained in this report was obtained from publicly available sources and sales disclosures deemed accurate and reliable but not guaranteed, no liability for accuracy, errors or omissions is assumed by Geswein Farm & Land Realty, LLC
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