That depends entirely on the area, the soil, the water rights etc. Here in Indiana an acre of farmland will average somewhere in the $7000 per acre range for '

That depends entirely on the area, the soil, the water rights etc. Here in Indiana an acre of farmland will average somewhere in the $7000 per acre range for 'average' soil. See this report from Purdue https://ag.purdue.edu/commercialag/home/wp-content/uploads/2020/07/20200807_KuetheLangemeierMintert_IndianaFarmlandValuesandCashrents.pdf https://ag.purdue.edu/commercialag/home/wp-content/uploads/2...