Land Sale of the Week: $7,058/a in East-Central Indiana

Yesterday, Feb. 25, saw the auction of 202 acres in Rush County, Ind., bring an average of $7,058 an acre. The offering featured 196 tillable acres and carried an average corn PI of 155.2.

The farm property was offered and purchased in three separate tracts. Here are the details by tract:

Tract 1: 68.1 acre 2.5 miles northwest of Glenwood. It had 67 tillable acres and carried a corn PI of 146.7. It sold for $6,460 per acre.

Tract 2: 34.4 acres contiguous to Tract 1. It featured 33 tillable acres and also carried a corn PI of 14.7. It brought $6,833 an acre.

Tract 3: 99.5 acres a half mile south of Glenwood. It was level with 94.5 tillable acres and featured a corn PI of 164.2. It sold for $7,545 per acre.

All three tracts were purchased by local farmers.

Handling the auction was Rusty Harmeyer, Halderman Real Estate Services, Richmond, 765-561-1671.