How much does it cost to buy a farm in Indiana?

The land auction company says the average price of good quality Indiana farmland is $9,800 per acre, up from $8,750 from June 2020 and $9,000 in June 2019. “At Farmers National Company auctions, we have seen sales well over $13,000 per acre for good cropland.

How much is an acre of farmland in Indiana worth?

Top-quality Indiana farmland values increased 14.1% on average, setting a new record at $9,785 per acre, according to the annual Purdue Farmland Value and Cash Rents Survey.

What is the best way to buy farm land?

Buying farm land – top tips for small farmers

Use a reputable agent.
Check planning restrictions and legal responsibilities.
Inspect farm infrastructure.
Check access to markets and services.
Understand land and water.
Consider weeds and pests.
Assess natural resources.
Meet the neighbours and assess any land use impacts.

How much does an acre of land cost in Indiana 2021?

The statewide average value of transitional land was $17,759 per acre, a 17% increase from June 2020. Rural land purchased for recreational purposes nearly doubled from $3,876 per acre in 2020 to $7,486 per acre in 2021.

Is Indiana a good place to farm?

And while those crops are extremely important to the state, Indiana has earned its spot in top national rankings for several other commodities. The Hoosier State is 10th nationally in total agricultural production and in the top five for crop production, thanks to the abundance of corn and soybeans.

How much is farmland for sale in Indiana?

Land And Farm features $3 billion in land and rural real estate for sale in Indiana, including farms, ranches, residential land, recreational land, hunting land, timberland, auctions and commercial property. The median price of Indiana farmland for sale is $220,000.

What can you do with land in Indiana?

Current land applications for farms for sale in Indiana include for row crop and timber use. Most visitors to Indiana flock to Indianapolis for the Indy 500 and Indianapolis Motor Speedway, its sports teams, and the city’s world-class children’s museum.

What kind of animals live in Indiana land?

In terms of its size, Indiana is the country’s 38th-largest state, covering an area of 36,420 square miles (23 million acres). Wildlife species to be found on land for sale in Indiana include turkey, whitetail deer, ducks, geese, dove, and quail.

What kind of crops do they grow in Indiana?

Indiana is among the country’s ten biggest agricultural states. Indiana’s chief crops are corn, soybeans, and wheat, while its principal livestock products are hogs, dairy products, and and chicken eggs.

How much does it cost to buy a farm in Indiana? The land auction company says the average price of good quality Indiana farmland is $9,800 per acre, up from $8,750 from June 2020 and $9,000 in June 2019. “At Farmers National Company auctions, we have seen sales well over $13,000 per acre for good…