$5,568 per acre in Northern Indiana

May 6, 2016 10:30 AM

An April 26 auction saw 345 acres of La Porte Co., Ind., farmland sell for $5,568 an acre. The ground involved was located about three miles east of La Porte. It featured 261 acres of tillable cropland and 44 acres of mature hardwoods. In addition, the property offered the possibility of four wooded building sites. It was offered as 13 tracts ranging in size from 2 acres to 55 acres but sold as a single unit.

Handling the sale was Keith Lineback, Schrader Real Estate and Auction Company., Inc., South Bend, Ind., 574-286-2622.