A significant farmland auction is scheduled for March 31, 2024, featuring a prime 602±-acre property located across Tippecanoe, Clinton, and Montgomery counties in west-central Indiana. This auction, organized by Geswein Farm & Land, will present 595.57 acres of FSA cropland, characterized by a robust Whole Farm Surety WAPI of 172.6.
The property boasts excellent soil quality and has benefited from substantial investments in pattern tile and drainage systems. These features contribute to consistent agricultural performance and long-term productivity, making it an attractive opportunity for serious farmland investors and operators.
Details of the Auction
The live auction will take place at the Ulen Country Club, located at 100 Country Club Drive, Lebanon, Indiana, commencing at 10 a.m. ET. For those unable to attend in person, the auction will be simulcast, allowing registered bidders to participate via online and phone bidding options.
Johnny Klemme, an auctioneer and farmland adviser with Geswein Farm & Land, emphasized the uniqueness of this offering, stating, “This is the kind of farm that rarely becomes available at public sale with the scale, quality and format that gives buyers flexibility.” He highlighted that this auction presents a rare chance for farmers to acquire quality land in a constrained market.
The property will be auctioned in seven tracts, utilizing the Buyer’s Choice Auction format. This approach allows bidders the flexibility to purchase individual tracts, combinations of tracts, or the entire property.
For those interested in participating, additional information, including maps and due diligence materials, can be found at gfarmland.com. This auction represents a notable event in the current agricultural landscape, as limited land supply continues to challenge farmers and investors alike.
