How much does it cost to buy a farm in Indiana?

Indiana Farm for Sale – Page 1 of 6 Browse Land And Farm for land and farms for sale in Indiana, including farms currently listed for sale in the Crossroads of America. With an average price of $1.3 million, the total value of 100,000 acres of farms recently listed for sale in Indiana is $147 million.

How much does an acre of land cost in Indiana?

The statewide average value of transitional land was $17,759 per acre, a 17% increase from June 2020. Rural land purchased for recreational purposes nearly doubled from $3,876 per acre in 2020 to $7,486 per acre in 2021.

How much is farm acreage in Indiana?

$9,785 per acre
– The Purdue Farmland Value and Cash Rents Survey suggests farmland prices across Indiana have risen to all-time highs in June of 2021. Statewide, top quality farmland averaged $9,785 per acre, up 14.1% from the same time last year.

Is there farmland in Indiana?

Nearly two-thirds of Indiana’s 23 million acres are farmlands. Five of the state’s 92 counties have more than 90% of their land area in farm uses (see Figure 1).

Who owns the largest farm in Indiana?

Indiana. Tom Farms, owned by Tom Kip, is the largest private landowner in Indiana. Tom Farms owns 20,000 acres in Indiana and Brazil.

How much farming land is there in India?

India’s arable land area of 159.7 million hectares (394.6 million acres) is the second largest in the world, after the United States. Its gross irrigated crop area of 82.6 million hectares (215.6 million acres) is the largest in the world.

Who owns the most land in Indiana?

Tom Farms, owned by Tom Kip, is the largest private landowner in Indiana. Tom Farms owns 20,000 acres in Indiana and Brazil.

Does farmland have residual value?

When farmland is acquired, an allocation of value can be made to depreciable items. In certain parts of the country, a depreciable item might be residual fertilizer supply. If it can be established with appropriate data, a tax benefit is available. It’s important, however, to follow the IRS guidelines.

What is the average cash rent for farm ground in Indiana?

Average rental rates increased by 3.9% for top-quality land, from $259 to $269 per acre. The cash rental rates for average- and poor-quality lands both increased by 4.6% to $227 and $183, respectively.

Is Indiana a good place to farm?

And while those crops are extremely important to the state, Indiana has earned its spot in top national rankings for several other commodities. The Hoosier State is 10th nationally in total agricultural production and in the top five for crop production, thanks to the abundance of corn and soybeans.

Is 2000 acres a big farm?

Yes, 2,000 acres is a substantial amount of land, but it’s the scale at which most grain farmers have to operate in order to make a living thanks to small profit margins.

How many acres of farmland are for sale in Indiana?

Recent listings in Indiana of farms for sale totaled around 100,000 acres acres of farms and a combined market value of $115 million. The average price of farms for sale in Indiana was $784,911.

The average price of farms for sale in Indiana was $784,911. Current land applications for farms for sale in Indiana include for row crop and timber use. Most visitors to Indiana flock to Indianapolis for the Indy 500 and Indianapolis Motor Speedway, its sports teams, and the city’s world-class children’s museum.

What are the main crops in Indiana?

Indiana’s chief crops are corn, soybeans, and wheat, while its principal livestock products are hogs, dairy products, and chicken eggs. Not surprisingly, farms are the most common type of land for sale in Indiana.