Benton County Indiana Land Values 2016
As the economics of farming change, so do farmland values. In 2016, as commodity prices remained low and inputs remained high, land values have continued a downward adjustment. While these changes occur rather slowly, our quarter by quarter review of the price per acre in Benton County Indiana indicates a drop of ~5 -12% in 2016.
Avg. Price Per Acre YTD
Avg. price per acre as of March 31st was $9,965
The Avg. price per acre dropped approx. ~6% by Sept 2016 to $9,337 per acre
Top Price Per Acre YTD | $12,435 w/ a Soil WAPI Index of 169.7 and 160 acres in one location
Low Price Per Acre YTD | $7,150 w/ a Soil WAPI Index of 146.1 and 61 acres with a ditch on farm
Overall Top Quality farmland is holding its value much better than avg. or low quality land. As always, the location, shape, soil profile, and drainage affect the value. In some cases, Wind Turbine income can still play a factor in the overall price per acre. In conclusion, we continue to see market corrections in Benton County farmland and far more buyers than sellers. Currently there are very few farms available for sale at the time of publishing this Indiana farmland values report and review.