LOCATION/TYPE

NEWS HOME


[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]

Archive
RSS

Add NWW headlines to your site (click here)

WHAT TO DO
when your community is targeted

Get weekly updates
RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Stripe

Donate via Paypal

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Sold land in Tipton may be for wind farm 

Credit:  By Ken de la Bastide, CNHI News Service, The Herald Bulletin, heraldbulletin.com 12 October 2011 ~~

TIPTON, Ind. – How much is an acre of farm ground worth in Tipton County? The answer seems to be almost $10,000.

That was the going rate during an auction Monday on a 192-acre farm in northwestern Tipton County that sold for $1.9 million.

Located in Prairie Township, the farm is believed to have leases with the proposed J.W. Great Lakes Wind LLC wind farm project. The company has been doing survey work and obtaining leases with local property owners since 2010. To date, the project has not moved forward.

A separate wind farm project in Madison and Tipton counties is being pursued by E.ON Climate and Renewables.

Schrader Auction conducted the sale, which brought an average price of $9,870 per acre or $11,111 per tillable acre.

Steve Edson, director of the Tipton County Plan Commission, said he has never heard of the sale of any farm ground in Tipton County at that price per acre.

The sale was managed by Rick Williams and Jerry Ehle for the company.

“We offered the property in three tracts – 94.5, 60 and 38 acres – and we had strong bidding from farmers and local investors in the area,” Williams said. “Ultimately, a bidder from near Indianapolis offered the highest bid on the property as an entirety.”

Ehle said the auction illustrated not only overall strength of farmland prices, but also the strong demand for farms of all sizes.

“While we sometimes talk more about the big sales of thousands of acres, the reality is that many of the farms we auction are 50, 100 or 200 acres, and they’re doing well because there are farmers and investors who see the value those farms represent,” Ehle said. “Even when the buyer is local, the competition created by the auction results in the best possible price.”

Source:  By Ken de la Bastide, CNHI News Service, The Herald Bulletin, heraldbulletin.com 12 October 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Contributions
   Donate via Stripe
(via Stripe)
Donate via Paypal
(via Paypal)

Share:

e-mail X FB LI BS M TS TG Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook Wind Watch on Linked In

Wind Watch on Bluesky Wind Watch on Mastodon Wind Watch on Truth Social

Wind Watch on Gab