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.