Warren County Indiana Farmland Values 2015

2015 Warren County Sales Report  Warren County Indiana Farmland Values 2015 2015 Warren County Sales Report Q3

The price per acre of top quality farmland in Warren County, Indiana held strong from January 2015 through August 2015. With 5 farms selling during that time period of Q1 – Q3, there were both private sales, public farmland auctions and listed real estate exchanging hands.

One of the largest farms (total acres) was sold at public auction with a price of ~$8,500 per acre. During the same time period, the highest price per acre was $11,000 per acre.

As commodity markets continue to remain low for the time being, Location and Soil productivity or WAPI remain the big drivers in the price per acre. Lower quality farm real estate seems to have softened in value with a change of ~1 – 5% downward. With interest rates remaining attractive, there are still several buyers looking to expand farm operation and farmland investment real estate portfolios.

Opportunities for Buyers

The current market for farms in Warren, County is strong, but offers little inventory or farms for sale at the moment. At the moment, when farms do become available they are often sold very quickly as many buyers are ready, willing and able to purchase farmland in today’s market.

Opportunities for Sellers

With very few farms for sale in Warren County, a strong opportunity exists to sell farms quickly and at a very fair price per acre. Whether your needs are financial, retirement or legal, right now is a great time to market and sell farms in Warren County.

 

Benton County Land Values in Q2 & Q3 2015

Price per acre of top quality farmland in West Central Indiana  Benton County Land Values in Q2 & Q3 2015 Indiana Land Values 2015 Benton County farmland2

Price per acre of top quality farmland in West Central Indiana

Farmland values in West Central Indiana indicate a slight shift of ~2% as our quarterly report on Benton County indicates above. Top quality farmland continued to change hands with many farmers selling large tracts at above the $10,000 per acre price point.

Overall, when compare to Q1 of 2015, the land values in West Central Indiana continue to remain the highest in the state. Investors continue to make their way back into the land real estate market, looking to invest on the downswing to improve the overall rate of return.

Current gross cash rents are producing ~3% gross return and as downward pressure continues, the land investment market will gain a stronger foothold as they seek to buy more top quality farmland in Benton County, Indiana.

Compared to ten years ago, land values remain at nearly 2.5 x times the value in 2005.