A significant auction of a 602±-acre farmland parcel will take place on March 31, 2024, in Lebanon, Indiana. The offering, conducted by Geswein Farm & Land, includes 595.57 FSA cropland acres and boasts a strong Whole Farm Surety WAPI of 172.6. The farmland spans across Tippecanoe, Clinton, and Montgomery counties in west-central Indiana.
The property is notable for its robust soils and extensive agricultural investment, particularly in tile and drainage systems. These features enhance the land’s productivity and performance, making it appealing to serious agricultural operators and farmland investors. The auction is scheduled to begin at 10 a.m. ET at the Ulen Country Club, located at 100 Country Club Drive, Lebanon, and will be available for online and phone bidding for registered participants.
“This is the kind of farm that rarely becomes available at public sale with the scale, quality, and format that gives buyers flexibility,” said Johnny Klemme, auctioneer and farmland adviser at Geswein Farm & Land. “This is a rare opportunity for farmers to add quality acres in a tight land market.”
The auction will feature a unique Buyer’s Choice Auction format, allowing bidders to compete for individual tracts, combinations, or the entire offering. Detailed bidder information, maps, and due diligence materials can be accessed at gfarmland.com.
In a market where access to quality farmland is increasingly limited, this auction presents a significant opportunity for both investors and operators looking to expand their agricultural footprint. The blend of scale and quality in this offering is expected to attract considerable interest from potential bidders.
As farmers and investors navigate a competitive land market, opportunities like this are vital for long-term agricultural growth and sustainability. With the auction just around the corner, participants are encouraged to prepare in advance to secure their chance at acquiring this prime farmland.
