Putnam County, Indiana
2024 Land Sales Report
Putnam County experienced continued land appreciation in 2024, but the growth rate seems to be slowing as the 2025 market takes shape.
If you’d like to get specific land values on your own property or a farm near you for 2025, please call (765) 426-6666.
Request a Land Values ReportAverage Price of Land*
$10,558/acre
Jan. – Dec. 2024*
As high as $13,252/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $10,558/acre and the price per productivity index point was $124.27 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $13,252 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.
According to Land.com, around 3,000 acres of land were listed for sale in Putnam County, Indiana, ranging from farms and hunting properties to other types of rural land. Among all Indiana counties, Putnam ranks 44th for total acres currently on the market. The town of Cloverdale leads the way within the county for the most land listings. Located in west-central Indiana, Putnam County is the 16th largest in the state, covering about 482 square miles.
The most recent USDA farmland census reveals that Putnam County is home to 728 farms working across approximately 174,378 acres, with around 140,846 acres dedicated to cropland, about 7,237 in permanent pasture and rangeland, and 18,559 acres in woodland. Farms average roughly 239 acres each–reflecting a mix of medium-scale operations that remain productive and well-integrated into the local farming economy. Crop production overwhelmingly drives the agricultural scene here, accounting for around 89% of farm income, while livestock and related activities make up the rest. Conservation practices are steadily gaining traction: about 27% of farms practice no-till, 14% use reduced tillage, 9% follow intensive tillage, and roughly 8% plant cover crops, showing a growing a commitment to soil health and sustainability.
Overview of Putnam County Agriculture
Location and Geography: Putnam County is located in west-central Indiana, about halfway between Indianapolis and Terre Haute. The county features a mix of gently rolling farmland, wooded areas, and small lakes, making it both agriculturally productive and scenically diverse.
Major Crops:
- Corn: a dominant crop in Putnam County, widely planted for both grain and livestock feed, taking advantage of the area’s fertile soils and favorable growing conditions.
- Soybeans: another leading crop, often rotated with corn, and are valued for their versatility in both food and industrial products.
- Wheat: grown on a smaller scale, but remains an important crop, often used in double-cropping systems to maximize land productivity.
- Hay: hay production supports the county’s livestock operations, providing a reliable source of feed for cattle and other farm animals.
Agriculture plays a central role in Putnam County, Indiana, where the rolling landscape and nutrient-rich soils support a strong and diverse farming economy. Corn and soybeans dominate the fields, benefiting from efficient crop rotation practices that help maintain soil health and yields. Wheat and hay are also grown, complementing the county’s livestock operations and contributing to its agricultural stability. Many farms in the area are multi-generational, reflecting a deep-rooted tradition of stewardship and innovation in local agriculture.
The demand for farmland in Putnam County has remained steady, driven by both its agricultural productivity and its location within commuting distance to larger cities like Indianapolis and Terre Haute. The mix of working farms, recreational properties, and development potential continues to attract a variety of buyers. With strong community support for farming and a reliable track record of production, Putnam County’s land market remains an appealing and competitive space for both local and out-of-area investors.
History & Background of Putnam County, Indiana
County Seat: Greencastle
Townships: Clinton / Cloverdale / Floyd / Franklin / Greencastle / Jackson / Jefferson / Madison / Marion / Monroe / Russell / Warren / Washington
History: Established in 1822; Named for General Israel Putnam, a noted Revolutionary War figure.
Population: 37,567
Cities & Towns: Greencastle / Bainbridge / Cloverdale / Fillmore / Roachdale / Russellville / Heritage Lake / Putnamville / Van Bibber Lake
Acreage: 308,000
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Putnam County, Indiana.
The 2022 Ag Census for Putnam County, Indiana, reported the following crop statistics:
Number of farms: 728
Land in farms (acres): 174,378
Average farm size (acres): 240
Total market value of products sold: $144,173,000
Government payments: $1,923,000
Farm-related income: $7,169,000
Total farm production expenses: $110,628,000
Net cash farm income: $42,637,000
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 2 July 2025.
Source 2:
“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18133.pdf. Accessed 2 July 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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