In the first quarter of 2015 we saw a whirlwind of farm and land activity and to sum up the market in one word…. Adjusting. Lower commodity prices have created some interesting shifts in farmland values. As always, the price per acre is generally a reflection of several factors including (but not limited to):
2) Size of the Farm
3) Soil Types
5) Cash Position / Rate of Return
Top quality land sales remain strong, while lower quality tracts have slipped anywhere from 10-15% versus a few years ago. Overall, there remain very few farms for sale and many buyers in a position to make a purchase. The first quarter of 2015 has been full of activity and interest in Benton County, Indiana farmland from investors & farmers alike. Purdue University’s Land Value Survey reported that back in 2005 farmland prices were in the $3,500 per acre range for top quality land.