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Indiana benefits from the rich soil quality and favorable growing climates found throughout the Midwest allowing it to produce a diverse mix of crops. Over 65% of Indiana’s land area is devoted to farmland in various capacities, making up nearly 15 million acres of cropland, timberland, and pastureland. Indiana is ranked 10th in the United States in agricultural production with Corn, Soybeans, and Hogs making up more than 70% of the state’s agricultural sales. Interestingly, Indiana is a top ranking producer of Popcorn, Ducks, Tomatoes and Spearmint, which not only displays their vast diversity of commodities, but also their food processing excellence.

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Farmland Prices

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indiana Farmland Prices

Over the last 20 years, the price of farmland per acre in the indiana has risen by an average of 5.7% per year to $6,210 per acre as of 2019. This represents an increase of $3,960 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$6,210

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 1500$ 3000$ 4500$ 6000$ 7500Highcharts.com

5.7%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-24 %-12 %0 %12 %24 %36 %Highcharts.com

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If you are interested in seeing a list of documents that are helpful for selling your farm, please download it here.

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