Benton County Land Values in Q2 & Q3 2015
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.