NORTHEASTERN INDIANA FARMLAND SELLS FOR $19,984 PER ACRE

This week, three tracts of cropland totaling 121.3 acres sold for $2.425 million, or $19,984 per acre, in northeast Indiana.

“Several things are noteworthy about this result,” says R.D. Schrader, president of Schrader Real Estate and Auction Company which conducted the sale. “It’s rare to see prices per acre in the $20,000 range with all the serious competition coming from local operators. We had investors in the room, but they dropped out quickly as bidders focused their attention on the farm as an entirety.” 

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