West Central Indiana Land Values 2023

What are farmland values & cash rent rates in West Central Indiana?

The farmland real estate market has seen quite the upturn since 2020, with some areas experiencing a bit of market corrections in 2023. The transactions shown below are a sample of farms & land that are at least 75% tillable and sold between March 2022 – February 2023. While there are many factors that affect the value and price per acre by county and region, if you’d like to know more about a specific land sale, or if your county is not listed, we can prepare a land values report just for you.

Below we’ve taken a closer look at actual farmland sales & auctions that were publicly reported to give you a more accurate view of the price per acre in your local area.

Want more specific data?  Request a Free Land Values Report or Market Analysis Here >

We’ll update this land values report with more details and this link to the Purdue University PAER Land Values Survey also released in August 2023.

What’s the value of farmland near me?

Interested in land values in your county or the value of your own farm?

Check out the most comprehensive look at farm & land sales across Indiana & Illinois in the 2023 Land Values Journal

Read the Digital Edition here >

All maintaining strong cash rent rates, here are more details about the West Central Region’s counties (10):

Benton | 2023 Average Price Per Acre $13,685*

• • Highest Price Per Acre: $17,325*
  • Total Acreage: 260,108 acres
  • Farmland: 251,002 acres
  • Major Crops: soybeans, corn
  • Specialty Crops: popcorn, hay (non-alfalfa)
  • Watersheds: Big Pine Creek, Iroquois River, Wabash River, Tippecanoe River
  • Waterways: Big Pine Creek, Mud Pine Creek
  • Nature Preserves: Fisher Oak Savanna Nature Preserve, Black Rock Nature Preserve
  • Wind Farms: Home to Indiana’s first wind farm. Fowler Ridge Wind Farm, 560 turbines, 988 Megawatts of energy

Carroll | 2023 Average Price Per Acre $11,471

• • Highest Price Per Acre: $14,636
  • Total Acreage: 238,223 acres
  • Farmland: 224,205 acres
  • Major Crops: corn, soybeans
  • Specialty Crops: popcorn, winter wheat, rye, rape seed, hay (non-alfalfa)
  •  Watersheds: Tippecanoe River, Wabash River, Wildcat Creek
  •  Waterways: Tippecanoe River, Wildcat Creek, Deer Creek
  • Nature Preserves: Berkshire-Tarnowski Forest Preserve, Frogs’ Glory, Heron Bottoms, McAllister Woods, Moyer-Gould Woods, Mussel Shoals, Sixbey
  • Wind Farms: 0

Fountain | 2023 Average Price Per Acre $12,159

• • Highest Price Per Acre: $18,919
  • Total Acreage: 253,226 acres
  • Farmland: 212,012 acres
  • Major Crops: soybeans, corn
  • Specialty Crops: hay (non-alfalfa), popcorn, sorghum, winter wheat
  • Watersheds: Wabash River, Sugar Creek
  • Waterways: Wabash River, Shawnee Creek
  • Nature Preserves: Portland Arch Nature Preserve, Pecan Basin: Cates-Clawson Reserve, Shawnee Bottoms, Whistler Hare Woods
  • Wind Farms: 0

Montgomery | 2023 Average Price Per Acre $11,002

• • Highest Price Per Acre: $16,000
  • Total Acreage: 322,956 acres
  • Farmland: 282,154 acres
  • Major Crops: corn, soybeans
  • Specialty Crops: speltz, winter wheat, popcorn, hay (non-alfalfa)
  • Watersheds: Wabash River, Sugar Creek, Raccoon Lake
  • Waterways: Lake Waveland, Lake Holiday, Sugar Creek
  • Nature Preserves: Bachner Nature Reserve, Walnut Fork Wildlife Refuge, Pine Hills Nature Preserve
  • Wind Farms: Roaming Bison, 107 turbines, 300 Megawatts of energy; Sugar Creek Wind Farm, 60-80 turbines, 150-200 Megawatts of energy

Parke | Click here to request a land values report for Parke County.

• • Total Acreage: 284,621 acres
  • Farmland: 180,752 acres
  • Major Crops: soybeans, corn, grassland
  • Specialty Crops: popcorn, sorghum, winter wheat, hay (non-alfalfa)
  • Watersheds: Alma Lake
  • Waterways: Zellors Pond
  • Nature Preserves: Pine Hills Nature Preserve, Rocky Hollow Falls Canyon Nature Preserve
  • Wind Farms: Jordan Creek Wind Farm

Putnam | 2023 Average Price Per Acre $9,748

• • Highest Price Per Acre: $12,500
  • Total Acreage: 308,921 acres
  • Farmland: 184,917 acres
  • Major Crops: corn, soybeans, grassland
  • Specialty Crops: winter wheat, hay (non-alfalfa)
  • Watersheds: Raccoon Creek, Eel River
  • Waterways: Cagles Mill Lake, Glenn Flint Lake, Heritage Lake
  • Nature Preserves: Fern Cliff Nature Preserve, Hemlock Ridge Nature Preserve, Big Walnut Nature Preserve – Tall Timbers Trail
  • Wind Farms: West Wind Farm

Tippecanoe | 2023 Average Price Per Acre $14,070

• • Highest Price Per Acre: $17,750
  • Total Acreage: 319,292 acres
  • Farmland: 222,136 acres
  • Major Crops: corn, soybeans, grassland
  • Specialty Crops: popcorn, hay (non-alfalfa), winter wheat
  • Watersheds: Big Pine Creek, Wabash River, Wildcat Creek, Sugar Creek, Tippecanoe River
  • Waterways: Tippecanoe River, Wabash River, Celery Bog, Wildcat Creek, Wea Creek, Burnett Creek, Jordan Creek, Little Flint Creek, Hadley Lake, Fairfield Lakes, Purdue Pond
  • Nature Preserves: Clegg Memorial Garden, Laura Hare Bend of the Wabash, Mis-So-Lah, Mulvey Pond, Parker’s Indiana Creek Basin, Potawatomi Trail, Wise Island, Celery Bog Nature Area
  • Wind Farms: 0

Vermillion | Click here to request a land values report for Vermillion County.

• • Total Acreage: 166,355 acres
  • Farmland: 123,097 acres
  • Major Crops: soybeans, corn, grassland
  • Specialty Crops: sorghum, popcorn, hay (non-alfalfa), winter wheat
  • Watersheds: Wabash River
  • Waterways: Wabash River, Sugar Creek, Vermillion River, Spring Creek, Feather Creek, & many more
  • Nature Preserves: Smith Cemetery Nature Preserve
  • Wind Farms: 0

Warren | 2023 Average Price Per Acre $11,107

• • Highest Price Per Acre: $17,525
  • Total Acreage: 234,413 acres
  • Farmland: 201,595 acres
  • Major Crops: corn, soybeans, grassland
  • Specialty Crops: winter wheat, popcorn, hay (non-alfalfa)
  • Watersheds: Big Pine Watershed, Wabash River Watershed
  • Waterways: Wabash River, Big Pine Creek, Kickapoo Creek, Mud Pine Creek, Rock Creek, Redwood Creek, Jordan Creek, Fall Creek, Stony Creek, & more.
  • Nature Preserves: Black Rock, Carr Island, Crow’s Grove, Gladys & Al Wright Rock Creek Nature Reserve, Hewitt Estate, Honey Branch Bluff, Kohnkes’ Little Pine Valley, Potawatomi Trail, Rhus Radicans, Swanson’s Bluff, Weiler-Leopold Nature Reserve, Williams Woods
  • Wind Farms: 0

White | 2023 Average Price Per Acre $12,590

• • Highest Price Per Acre: $16,688
  • Total Acreage: 323,290 acres
  • Farmland: 282,882 acres
  • Major Crops: soybeans, corn
  • Specialty Crops: popcorn
  • Watersheds: Lake Shafer
  • Waterways: Big Pine Creek, Moots Creek
  • Nature Preserves: Fisher Oak Savanna Nature Preserve, Berns-Meyer Nature Preserve
  • Wind Farms: Meadow Lake Wind Farm, 303 turbines, 801 Megawatts of energy

The total land acres for the area / region are approximately 2,711,405 acres.

The total farmland acres for the area are approximately 2,164,752 acres.

Indiana, located in the heart of the Midwest, is primarily known for growing corn and soybeans. Several farmers also grow a variety of different specialty or other crops. In the West Central region of Indiana, there are ten counties with rich soils. These counties, of course, primarily grow corn and soybeans. Specialty crops or other crops grown are popcorn, wheat, alfalfa, sorghum, grassland, rape seed (aka canola), and speltz.