Allen County Farmland Fetches Nearly $18,000 an Acre as Operators Keep Midwest Demand Firm
Updated
Updated · Hoosier Ag Today · Jul 30
Allen County Farmland Fetches Nearly $18,000 an Acre as Operators Keep Midwest Demand Firm
3 articles · Updated · Hoosier Ag Today · Jul 30
Summary
$18,000-an-acre land in Allen County, Indiana, sold just below that mark with farm operators—not developers—driving the bidding, underscoring strong purely agricultural demand.
R.D. Schrader said that resilience has held through two years of tight farm margins because buyers still expect future value gains and are deploying cash built up in better years.
Corn economics are moving the other way: USDA recently raised its estimate for production costs after renewed geopolitical tensions, deepening the split between expensive crop production and firm land values.
That contrast was also visible in nearby Wells County, where a tract sold for more than $24,000 an acre on possible development value, while premium working farmland still commands near-record prices on its own.