Average Price of Land*
$13,784/acre
Jan. – Dec. 2024*
As high as $17,163/acre
in 2024*
Overall, the average price of farmland was $13,784/acre and the price per productivity index point was $204.57 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $17,163 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, about 1,000 acres of land and rural properties in Randolph County, Indiana, were listed for sale, totaling close to $13 million in value. Randolph County currently ranks 71st out of Indiana’s 92 counties for total land acreage on the market, with Winchester showcasing the most listings. When it comes to the local economy, manufacturing and related services play a big role in driving growth. Covering 453 square miles, Randolph County is the 20th largest in the state and sits in the East Indiana region.
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The most recent USDA farmland census shows that Randolph County is home to 675 farms spread across roughly 239,000 acres, with about 92% of that land in cropland, and the rest in pasture, woods, or other farm areas like buildings and ponds. Farms here tend to be solidly mid-sized–averaging around 354 acres–and there’s a noticeable commitment to sustainable practices: about 43% of the county’s farms use no-till, 24% use reduced till, 16% stick with intensive tillage, and 12% incorporate cover crops to help build soil health. In terms of revenues, crop-related sales make up roughly 57% of farm income, while livestock, poultry, and other animal products account for around 43%–revealing a fairly balanced mix between crop production and animal agriculture. The top crops include soybeans (about 44,400 acres) and corn for grain (about 42,900 acres), with smaller footprints in hay, forage, and specialty crops. Overall, Randolph County’s agriculture is characterized by a healthy mix of crops and livestock. strong use of conservation methods, and farms that are diverse in scale and output.
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Overview of Randolph County Agriculture
Location and Geography: Randolph County, Indiana is located in the east-central part of the state along the Ohio border, characterized by gently rolling farmland, open rural landscapes, and fertile soil well-suited for crop production. The county lies within the East Indiana region and is part of the Tipton Till Plain, which contributes to its strong agricultural profile.
Major Crops:
- Corn: one of the most widely grown crops in Randolph County, used primarily for grain and supporting both local livestock and broader agricultural markets.
- Soybeans: another dominant crop favored for their versatility and high market demand, often rotated with corn to maintain soil health.
- Hay and forage crops: supporting the county’s livestock operations with essential feed.
Agriculture in Randolph County is rooted in tradition but supported by modern practices. With around 239,000 acres of farmland and an average farm size of about 354 acres, the area supports a balanced mix of row crops and livestock. Conservation practices like no-till and cover cropping are increasingly common, reflecting farmers’ commitment to long-term soil health and sustainable production. Randolph County’s agricultural sector benefits from well-established infrastructure, a skilled farming community, and a market that values both scale and stewardship.
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The local land market remains active, driven by a combination of generational land transfers, investors seeking productive acreage, and local producers looking to expand. While Randolph County doesn’t rank among the top counties in Indiana for total land listings, it maintains a steady level of demand, especially around Winchester and more accessible townships. The availability of quality farmland, coupled with its strong agricultural heritage, continues to attract interest from both in- and out-of-county buyers.
History & Background of Randolph County, Indiana
County Seat: Winchester
Townships: Franklin / Green / Greensfork / Jackson / Monroe / Stoney Creek / Union / Ward / Washington / Wayne / White River
History: Formed in 1818; named for Randolph County, North Carolina, the origin of many early settlers.
Population: 24,000
Cities & Towns: Winchester / Union City / Farmland / Lynn / Modoc / Parker City / Ridgeville / Saratoga
Acreage: 289,920
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Randolph County, Indiana.
The 2022 Ag Census for Randolph County, Indiana, reported the following crop statistics:
Number of farms: 675
Land in farms (acres): 238,870
Average farm size (acres): 354
Total market value of products sold: $328,813,000
Government payments: $666,000
Farm-related income: $10,679,000
Total farm production expenses: $222,009,000
Net cash farm income: $118,149,000
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/cp18135.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
