$9,090 per acre in Northwest Indiana

July 21, 2016 11:07 AM

A 152-acre farm located north of Rensselaer in Jasper County, Ind., sold July 20 with a 21-acre isolated tract bringing $9,090 per acre. That tract was located 3 miles north of Rensselear. It was all tillable and featured a corn PI of 146.1.

The remaining three tracts of 131 acres were located 2 miles northwest of Tract 1. These featured 40 acres of cropland with the balance in grass pasture. These three tracts sold as a single unit for $3,435 per acre.

Handling the auction were Jim Hayworth, Monticello, Ind., 888-808-8680, and Matt Wiseman, Morocco, Ind., 866-419-7223, Schrader Real Estate and Auction Co., Inc.