Indiana Farmland Sells for More Than $16,000 an Acre

535 acres in Delaware County, Indiana

Date: May 21, 2025

Price: $16,979 per acre

More than 500 contiguous central Indiana acres sold via public auction. Selling as six tracts, the auction concluded with a final sale price of approximately $9.1 million. The farm as a whole is 97% tillable and holds Pella, Pewamo, and Blount soil types. County tile, open drainage ditches, and multiple drainage outlets ensure adequate drainage from the flat topography. The buyer was able to farm the 2025 crop year. This sale shows strong farmland sales do occur on the east side of the Corn Belt.

80 acres in Sioux County, Iowa

Date: April 23, 2025

Price: $20,500 per acre

Corn Suitability Rating Index (CSR2): 86

An 80-acre tract sold for an impressive $20,500 per acre. The FSA states there are 74.72 tillable acres, with 1.5 enrolled in the Conservation Reserve Program. Primary soil types are Galva and Radford. Despite the farm having terracing, two waterways, and a portion of the property located in a FEMA Flood Zone A, this sale continues the trend of strong northwest Iowa farmland prices. The buyer receives immediate full possession of the property upon signing the purchase agreement.

230.65 acres in Wilkin County, Minnesota

Date: May 20, 2025

Price: $9,837 per acre

Crop Productivity Index (CPI): 90+

This Minnesota property sold via the online-only auction method for approximately $2.3 million. The farm is in a prime location, situated on the east side of the productive Red River of the North, adjacent to U.S. Highway 75, and less than a half mile from the Minn-Dak beet plant. The property is just over 91% tillable, with 211.2 FSA cropland acres. The main soil types are Aazdahl and Doran clay loams. Due to the cropland being leased for the 2025 growing season, the buyer receives returns from the second half of the 2025 cash rent lease.