Land prices near you
#8084751
02/23/24 09:31 PM
02/23/24 09:31 PM
|
Joined: Oct 2009
Posts: 7,490 western mn
bucksnbears
OP
trapper
|
OP
trapper
Joined: Oct 2009
Posts: 7,490
western mn
|
I've never followed what land is bringing nation wide but stumbled on a site that has been giving $$ of land. I can't fathom some of it.
Where you're at, what would a 100 acre piece of all tillable/ cropland be expected to bring.
Same question for all wooded/ hunting property.
Seems like even with this crappy economy, there is still lots of people looking for land and not afraid to pony up.
swampgas chili and schmidt beer makes for a deadly combo
You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8084753
02/23/24 09:35 PM
02/23/24 09:35 PM
|
Joined: Sep 2012
Posts: 6,121 Northern Wisconsin,Rhinelander
Hodagtrapper
Muskrat Master
|
Muskrat Master
Joined: Sep 2012
Posts: 6,121
Northern Wisconsin,Rhinelander
|
Hunting land with a mix of swamp and upland forest would sell in the $1200.00 to $3000.00 range per acre. If power is available to property the price may be higher. Crazy times but the old saying about land is that they are not making it anymore . Chris
>>In God we trust<<
|
|
|
Re: Land prices near you
[Re: TC1]
#8084778
02/23/24 09:59 PM
02/23/24 09:59 PM
|
Joined: Oct 2009
Posts: 7,490 western mn
bucksnbears
OP
trapper
|
OP
trapper
Joined: Oct 2009
Posts: 7,490
western mn
|
Crop land, somewhere around 1.5 million. Pasture or rough ground, 500-750 thousand…. How in God's name can that pencil out?? Let's say corn brings 5$ a bushel. Now let's say 200 bushel and acre. That 100 acre piece grossed 1000.00$ acre. With the cost of fuel/ help/ equipment/ and all the other things involved, I just can't wrap my mind around how folks make that work? Now, as for just hunting land, let's say someone buys 100 acres of pure timber at 5000.00$ an acre. That's 500,000 $ Back in the 40's, my grandfather bought a 160 acre piece of superb farmland for 40.00 $ an acre. Sold it in the early 60's for 200.00$ an acre. That same piece is in the 6000.00$ now. How??
swampgas chili and schmidt beer makes for a deadly combo
You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8084820
02/23/24 10:37 PM
02/23/24 10:37 PM
|
Joined: Jun 2015
Posts: 4,985 rogers city mi.
jeff karsten
trapper
|
trapper
Joined: Jun 2015
Posts: 4,985
rogers city mi.
|
No idea on farmland but here 80 acres is a big field you can have sandblows and muck on the same field Median price for renting is 35 bucks/acre Houses are another issue Whatever a house is listed for it sells for 100 to 150 grand over list price sight unseen and thats in my town of 3,000- 4,000 people 50,000 folks you can triple that amount When i ask who would pay that much sight unseen The broker says somebody from texas BS I dont know Anyway I heard the rumor that hedge funds are scooping up all properties in smaller "undeveloped" communities
olden tyred
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8084822
02/23/24 10:41 PM
02/23/24 10:41 PM
|
Joined: Nov 2010
Posts: 609 pa.
jarentz
trapper
|
trapper
Joined: Nov 2010
Posts: 609
pa.
|
The only people that can afford it are big farmers and developers. my cousins farm 3000 acres and buy a new farm 100- 500 acres every 5 years. Around here if a farmer sells to another farmer 6-7000 an acre. but real estate developers will pay 2 or 3 times that,for the right piece of ground.
jarentz
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8084830
02/23/24 10:47 PM
02/23/24 10:47 PM
|
Joined: Mar 2013
Posts: 637 IL
houndone
trapper
|
trapper
Joined: Mar 2013
Posts: 637
IL
|
Depending on how many acres in the parcel what it goes for.smaller acreage 15,000 to 20,000 a acre,bigger parcels 7,000 to 10,000 a acre. There is no way at current ag prices you will pay for that in your lifetime if you have to borrow majority of the money.oh wait a minute I forgot about farm subsidies that the government gives back to them that we the taxpayers fund.go to ewg.gov for your state/county to find out what they have gotten back from the government since 1995.
Last edited by houndone; 02/23/24 10:48 PM.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8084841
02/23/24 10:58 PM
02/23/24 10:58 PM
|
Joined: Jun 2015
Posts: 4,985 rogers city mi.
jeff karsten
trapper
|
trapper
Joined: Jun 2015
Posts: 4,985
rogers city mi.
|
Worry Not way things are goin farms will be a corporate conglomerate owned by the Government But Hey they already hired and are paying millions of farm workers just need the land
olden tyred
|
|
|
Re: Land prices near you
[Re: houndone]
#8084871
02/23/24 11:58 PM
02/23/24 11:58 PM
|
Joined: Feb 2011
Posts: 2,076 SE Kansas
K52
trapper
|
trapper
Joined: Feb 2011
Posts: 2,076
SE Kansas
|
Depending on how many acres in the parcel what it goes for.smaller acreage 15,000 to 20,000 a acre,bigger parcels 7,000 to 10,000 a acre. There is no way at current ag prices you will pay for that in your lifetime if you have to borrow majority of the money.oh wait a minute I forgot about farm subsidies that the government gives back to them that we the taxpayers fund.go to ewg.gov for your state/county to find out what they have gotten back from the government since 1995. Nails it. Go to that website and see how the same family divides up acreage and maxs out subsidies. Had a friend print off the payouts to the farmers in this county and left a few copies on the table by the door at the local coffee shop. Boy were there a bunch of (This word is unacceptable on Trapperman) farmers over that.
|
|
|
Re: Land prices near you
[Re: Providence Farm]
#8084872
02/24/24 12:01 AM
02/24/24 12:01 AM
|
Joined: Nov 2011
Posts: 4,954 Idaho Falls, ID
Grandpa Trapper
trapper
|
trapper
Joined: Nov 2011
Posts: 4,954
Idaho Falls, ID
|
285 across the road from my place just sold to an Amish guy. Asking price was $7200 per acre. Some fields and woods. Very nice ground I just didn't have to 2 million laying around. Apparently, the Amish have a lot of money.
|
|
|
Re: Land prices near you
[Re: jeff karsten]
#8084888
02/24/24 12:51 AM
02/24/24 12:51 AM
|
Joined: Feb 2014
Posts: 13,245 Ky
jbyrd63
trapper
|
trapper
Joined: Feb 2014
Posts: 13,245
Ky
|
Worry Not way things are goin farms will be a corporate conglomerate owned by the Government But Hey they already hired and are paying millions of farm workers just need the land No owned by China
|
|
|
Re: Land prices near you
[Re: TurkeyTime]
#8084891
02/24/24 01:01 AM
02/24/24 01:01 AM
|
Joined: Feb 2014
Posts: 13,245 Ky
jbyrd63
trapper
|
trapper
Joined: Feb 2014
Posts: 13,245
Ky
|
Say your family lives off $125K a year and owns/farms(crop) 800 acres that is paid for. That profit can add up pretty quickly. Totally different than someone buying land at these prices. You got cash to buy 800 acres at 5,000an acre that’s 4 mil You have to farm that a lot of years to get your money back Take 4 million and buy 16 CDs at 5.25 percent. You make Ton more money and don’t worry if it will rain!!!! That’s 210,000 in interest and it makes profit on day one. Yeah yeah start talking taxes but you have to make it to pay taxes on it. LOT of purchases around here is money laundering. Only explanation for.
Last edited by jbyrd63; 02/24/24 01:04 AM.
|
|
|
Re: Land prices near you
[Re: 080808]
#8084974
02/24/24 07:58 AM
02/24/24 07:58 AM
|
Joined: Dec 2014
Posts: 2,486 Tug Hill, NY
Squash
trapper
|
trapper
Joined: Dec 2014
Posts: 2,486
Tug Hill, NY
|
Sorry maybe I should have explained to 40 acres TOTAL price 35,000 to 40,000. Don’t know where you are located in Northern NY, but here on Tug Hill 40 acres of cut over timberland is easily $2000/ acre, subdivide it into 5 acre lots $3000-$4000/acre. Small acreage parcels of Adirondack land without lake frontage say 5-10 acres, $10,000/acre.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8084982
02/24/24 08:13 AM
02/24/24 08:13 AM
|
Joined: Dec 2006
Posts: 29,972 williamsburg ks
danny clifton
"Grumpy Old Man"
|
"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,972
williamsburg ks
|
5617 E 40th street Kansas City Mo. is where my wife lived till 73. Her dad bought it in 54 or 55. After the race riots, forced bussing etc they became part of white flight. Moving to rural KS. Father in law lost money on the sale in spite of "not making more". House burnt down and now the lot is listed for 1100 bucks. Zoned residential with utilities and sewer available if anyone is looking for an investment.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
|
|
|
Re: Land prices near you
[Re: danny clifton]
#8084990
02/24/24 08:29 AM
02/24/24 08:29 AM
|
Joined: Jul 2022
Posts: 1,045 Va
Spike369
trapper
|
trapper
Joined: Jul 2022
Posts: 1,045
Va
|
5617 E 40th street Kansas City Mo. is where my wife lived till 73. Her dad bought it in 54 or 55. After the race riots, forced bussing etc they became part of white flight. Moving to rural KS. Father in law lost money on the sale in spite of "not making more". House burnt down and now the lot is listed for 1100 bucks. Zoned residential with utilities and sewer available if anyone is looking for an investment. A good investment needs a good location. KC, MO and KC , KS not so much.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085005
02/24/24 08:40 AM
02/24/24 08:40 AM
|
Joined: Dec 2006
Posts: 29,972 williamsburg ks
danny clifton
"Grumpy Old Man"
|
"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,972
williamsburg ks
|
I think its as much about property tax and real estate companies. Both win when appraisals go up. If a place sells with a month or two thats likely actual value. If it takes months or years its not.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
|
|
|
Re: Land prices near you
[Re: jbyrd63]
#8085007
02/24/24 08:46 AM
02/24/24 08:46 AM
|
Joined: Feb 2020
Posts: 9,047 Indiana
Providence Farm
trapper
|
trapper
Joined: Feb 2020
Posts: 9,047
Indiana
|
Providence the key to your story is your land and other guys was bought back before prices got stupid. Big difference than what’s being paid now. Plus any wealth building only is seen if you sell it. Point here is farmland bought to FARM will not nor can not pay for itself at 8-15 thousand per acre. Heck be hard to pay for it at 5 per. I bought 40 acres. 25 hayfield rest timber. Been offered 3 times what I paid for it. I could sell the timber at today’s prices plus what I lease the hayfield for. I won’t live long enough to get my money back unless I sell it. I paid less than 2,000 per. And that's the same thing I was saying 10 years before I bought my place as well. And the same thing my grandpa said when he talked about what he paid to build his house vs what they were selling for around him 40 years later. Yet prices just keep climbing. Now if I was good at picking stock I could have done better. But I'm not and have to have somewhere to live and hunt relax shoot ECT. What was expensive for old strip mine 1k and acre now is 7 to 20 k depending on size location ECT. In 10 year people will look back and think man that was when land was adorable. Just like I think back at the adds for strip mine for 600 to 1000 per when I was younger and couldn't afford that. A lot of farmer buy it at the high prices nope they won't get it to pay for it's self but it's value will increase and the added scale, tax benefit, location proximity or other value to their farm( now can drive to other fields they own directly and not have to load or drive equipment several miles around down the road ECT)may be more valuable in the long run than the crop production value.
|
|
|
Re: Land prices near you
[Re: jbyrd63]
#8085051
02/24/24 09:39 AM
02/24/24 09:39 AM
|
Joined: Feb 2020
Posts: 9,047 Indiana
Providence Farm
trapper
|
trapper
Joined: Feb 2020
Posts: 9,047
Indiana
|
Yeah that’s the mindset in 2007 ! Don’t worry what you are paying. Property will always go up ! Just like the drought in California. Things have a way of correcting themselves. Hold on to that cash at 5% and buy your dream place at bargain price when it hits. Oh it’s going to hit. Can’t sustain. Number libitards are giving Dems only thing they can. High stock markets. ALL BASED ON something someone reported. Some people don't like risk. Lots of millionaires have been made with a steady buy and hold approach and the market average is about 10% over time. 2x those cds. And Cds we're what 1.3 % not long ago. For safe investment I prefer land and have no issues investing in the market. Mostly in index groth funds. I love the dips because that means what I buy each week is on sale. I don't like the highest but keep buying each week. Currently at 25% of my income but going to have to back that off so I don't hit the max limit to early and miss out on the company match. I also have money going into the market for the kids each month. If they do nothing at all they should retire with around a million each just from what little I have put in and set up. But I don't look and worry about mone they had gone into the market. I look at that the se as I look at the 100$ spent taking the wife out to dinner or the 500$ I'm going to spend in expenses taking the boys to wrestle in the state comp. It's all pretend untill you cash it in. I'm not risk advertised. I want good returns and if I have losses I'm ok with that. No risk no reward. Also don't put all my eggs in one basket. And 07 was just a blip. Markets on housing dropped stocks dropped. Land not really at all. And it was not long the markets recovered and surpassed whare they were before. If you were sitting in cash or had good credit there was money to be made. If not you didn't take a single loss unless you sold.
|
|
|
Re: Land prices near you
[Re: jbyrd63]
#8085052
02/24/24 09:40 AM
02/24/24 09:40 AM
|
Joined: Jan 2014
Posts: 2,123 NW MO
TurkeyTime
trapper
|
trapper
Joined: Jan 2014
Posts: 2,123
NW MO
|
Not making any more land. Have cash available. Need more to expand for self/family. Average the purchase and income over the whole operation/land that is paid for. No one has to understand it or have it make sense. It is a different mindset and goals. Yes it will never pay for itself, by itself, but the operation will pay for it when averaged out over the whole operation. You want a farm next/close to you that is up for sale? This could literally be the only time it ever comes up for sale. Say your family lives off $125K a year and owns/farms(crop) 800 acres that is paid for. That profit can add up pretty quickly. Totally different than someone buying land at these prices. You got cash to buy 800 acres at 5,000an acre that’s 4 mil You have to farm that a lot of years to get your money back Take 4 million and buy 16 CDs at 5.25 percent. You make Ton more money and don’t worry if it will rain!!!! That’s 210,000 in interest and it makes profit on day one. Yeah yeah start talking taxes but you have to make it to pay taxes on it. LOT of purchases around here is money laundering. Only explanation for. Point of the example is that the 800 acres is owned in full and the profit can be used to buy more land. Someone owns 800 acres outright and buys 100 overpriced acres. The cost of the 100 averaged out over the income of the now 900 makes it a lot easier to manage. Yes there are subsidies and you can throw in the crop insurance racket as well but this is the reality. The example was 800 acres. Depending on your area what if someone owns 1500 acres free and clear? 3000 acres? 7000 acres? For the farms around here that are bought with cash who cares if the land market tanks and prices plummet? No loan, don't have to sell, can still make some kind of a profit, can always eat, different mindset and goals.
|
|
|
Re: Land prices near you
[Re: HobbieTrapper]
#8085057
02/24/24 09:48 AM
02/24/24 09:48 AM
|
Joined: Jan 2007
Posts: 5,031 MD
DaveP
trapper
|
trapper
Joined: Jan 2007
Posts: 5,031
MD
|
A friend just bought a 200 acre unoccupied farm a couple miles from me for 400k. From his dad, lol? My brother paid just under $2K an acre on the shore... 30+ years ago, and it had a tangled path to ownership Logged it 12-15 years ago for about that. And promptly bought more.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085059
02/24/24 09:48 AM
02/24/24 09:48 AM
|
Joined: Oct 2007
Posts: 331 North Central Kansas
Orlando
trapper
|
trapper
Joined: Oct 2007
Posts: 331
North Central Kansas
|
Maybe land prices will go down. But, there’s a fair chance it won’t in my lifetime. If you want it and can afford it, probably better just buy it now. Inflation doesn’t correct but rarely. I heard a quote one time that resonated with me- “nobody ever regretted buying ground once it’s paid for”.
My own perspective - there is no feeling quite like owning your own dirt.
Finally, there are a lot of seemingly smart investors managing REIT’s and farmland ETF’s that think farmland is a good investment. My 2 cents.
Nature is reckless of the individual. Aldo Leupold.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085067
02/24/24 09:55 AM
02/24/24 09:55 AM
|
Joined: Dec 2006
Posts: 29,972 williamsburg ks
danny clifton
"Grumpy Old Man"
|
"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,972
williamsburg ks
|
During the depression people who owned land without liens made it without standing in line for free soup. If you borrow pay it quick as you can. Owning without debt should be a priority. If there is a big crash anything with a lien is gone. You dont want to be standing in the soup line.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085075
02/24/24 09:58 AM
02/24/24 09:58 AM
|
Joined: Dec 2006
Posts: 29,972 williamsburg ks
danny clifton
"Grumpy Old Man"
|
"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,972
williamsburg ks
|
FWIW we talked about buying the wifes dads old lot just to have. I dont want to have to pay the city for mowing or drive up there a dozen times every year to mow it myself.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085076
02/24/24 09:59 AM
02/24/24 09:59 AM
|
Joined: Nov 2023
Posts: 358 Lake Mille Lacs , MN
2poor
trapper
|
trapper
Joined: Nov 2023
Posts: 358
Lake Mille Lacs , MN
|
Lots of variables. A 40 acre parcel locally 1/2 woods and 1/2 low will fetch $100K +.
A decent one acre buildable parcel off the Lake will fetch about $18,500
A very nice house on Mille Lacs just sold for 500K and they moved a trackhoe in yesterday to demolish the structure to make room for a Mc Mansion.
Wife has a tillable 40 in NW Iowa that is appraised at around 16K per acre.
It’s a lazy man who can’t find his wife a second job !
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085078
02/24/24 10:02 AM
02/24/24 10:02 AM
|
Joined: Nov 2010
Posts: 609 pa.
jarentz
trapper
|
trapper
Joined: Nov 2010
Posts: 609
pa.
|
That is what i was saying about big farmers,if you have 3000 acres payed off, you can buy a new 500 acre farm and use that 3500 acres to pay it off in 5 years. Plus they sell building rights off of them,and most have a house to rent out. And on top of that taxes not bad either.( But i wish ranches and farmers could buy it all) We don't need any more houses!!!
Last edited by jarentz; 02/24/24 10:49 AM.
jarentz
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085097
02/24/24 10:40 AM
02/24/24 10:40 AM
|
Joined: Jan 2012
Posts: 1,641 Warren co Mo
hrdtoflw
trapper
|
trapper
Joined: Jan 2012
Posts: 1,641
Warren co Mo
|
There is a 28 acre piece next to me, listed at $528,000. About half pasture, half woods. Lots of lookers, but no takers so far.
If your mind draws a blank, turn off the sound, because ya can't learn a thing if you're doin all the talkin
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085115
02/24/24 11:11 AM
02/24/24 11:11 AM
|
Joined: Jan 2024
Posts: 25 MN
Skin em
trapper
|
trapper
Joined: Jan 2024
Posts: 25
MN
|
In 1982 bought 200 acres hunting type land could never farm it rocks, clay , hills low ground paid $75 per acre thru real estate co . Sold it 2004 for $1,100 acre , could sell today $2,500 acre easy , Invested the profit in land near home that could be farmed and that has went up very high i dont think young guys could get a start here without family money to kick start em
Last edited by Skin em; 02/24/24 11:13 AM.
|
|
|
Re: Land prices near you
[Re: cattails]
#8085124
02/24/24 11:27 AM
02/24/24 11:27 AM
|
Joined: Dec 2023
Posts: 129 MO
BC-Buck
trapper
|
trapper
Joined: Dec 2023
Posts: 129
MO
|
Something different is going on in this Kankakee River region that I live in, and it's almost impossible to defend against unless you have deep pockets. Here is my elementary understanding of it.....There is a federal push for solar with big money incentives being thrown around. Questionable land that may be worth 5-6 thousand an acre is being bought up by outside investors, at about 13 thousand knowing that when it's in the solar program it will be valued at about 20 thousand. There are individuals who don't know why anyone would turn down that kind of money, and there are individuals that are so rooted in the farming community that would never sell at any cost. Our society and community is changing and being transformed by the federal government by the use of private enterprise. Socialism? Im trying to stop my use of liberalism.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085125
02/24/24 11:28 AM
02/24/24 11:28 AM
|
Joined: Aug 2011
Posts: 45,616 james bay frontierOnt.
Boco
trapper
|
trapper
Joined: Aug 2011
Posts: 45,616
james bay frontierOnt.
|
So with all these overinflated land prices you have to pay down there,what kind of taxes do you have to pay each year to be able to keep it after you buy it?
Forget that fear of gravity-get a little savagery in your life.
|
|
|
Re: Land prices near you
[Re: hrdtoflw]
#8085128
02/24/24 11:32 AM
02/24/24 11:32 AM
|
Joined: Dec 2023
Posts: 129 MO
BC-Buck
trapper
|
trapper
Joined: Dec 2023
Posts: 129
MO
|
There is a 28 acre piece next to me, listed at $528,000. About half pasture, half woods. Lots of lookers, but no takers so far. With the stock market going up people are moving out of STl to be your neighbor. At least your house value will be going up weather you like it or not. Just dont send them up to Pike co.
|
|
|
Re: Land prices near you
[Re: Boco]
#8085132
02/24/24 11:36 AM
02/24/24 11:36 AM
|
Joined: Dec 2023
Posts: 129 MO
BC-Buck
trapper
|
trapper
Joined: Dec 2023
Posts: 129
MO
|
So with all these overinflated land prices you have to pay down there,what kind of taxes do you have to pay each year to be able to keep it after you buy it? Knew people with swamp land (not buildable) in NY saying taxes(over $10k a year) where so high was not able to sell land.
|
|
|
Re: Land prices near you
[Re: hrdtoflw]
#8085154
02/24/24 12:07 PM
02/24/24 12:07 PM
|
Joined: Feb 2014
Posts: 13,245 Ky
jbyrd63
trapper
|
trapper
Joined: Feb 2014
Posts: 13,245
Ky
|
There is a 28 acre piece next to me, listed at $528,000. About half pasture, half woods. Lots of lookers, but no takers so far. Yes and unless sub divided and sold as building lots . IT WILL NEVER pay for it's self!
|
|
|
Re: Land prices near you
[Re: jarentz]
#8085161
02/24/24 12:15 PM
02/24/24 12:15 PM
|
Joined: Feb 2014
Posts: 13,245 Ky
jbyrd63
trapper
|
trapper
Joined: Feb 2014
Posts: 13,245
Ky
|
That is what i was saying about big farmers,if you have 3000 acres payed off, you can buy a new 500 acre farm and use that 3500 acres to pay it off in 5 years. Plus they sell building rights off of them,and most have a house to rent out. And on top of that taxes not bad either.( But i wish ranches and farmers could buy it all) We don't need any more houses!!! Yes if it has been in your family and paid off. I don't care if you pay cash for 3000 acres and you pay 10,000 per acre. Yes you don't have a payment but you HAVE TO RECOOP your cash back before you can say it was profitable. You do realize that is 30 million dollars price tag. This entire thread was about BUYING land at todays prices. With the risk of crop yield and fuel cost there will be years that the 3000 acres WONT have a 5 % profit. It only take couple years in arrow. Of course you could do what TONS of farmers have done . File bankruptcy let someone else hold the loss....EVERY big farmer around here has filed it at some point. Then next year have new equipment and ton more acres ........
|
|
|
Re: Land prices near you
[Re: Boco]
#8085164
02/24/24 12:20 PM
02/24/24 12:20 PM
|
Joined: Oct 2009
Posts: 867 Indiana
cattails
trapper
|
trapper
Joined: Oct 2009
Posts: 867
Indiana
|
So with all these overinflated land prices you have to pay down there,what kind of taxes do you have to pay each year to be able to keep it after you buy it? In our case. The over inflated taxes being paid by the solar companies go into a state coffer that somehow comes back to the local county. It was explained by the local assessor , but I'm not schooled enough in government to grasp it. something about a 2percent cap. Sounds like money diversity to me. The farmers that are buying that ground to stop it are deep generational farmers.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085166
02/24/24 12:23 PM
02/24/24 12:23 PM
|
Joined: Feb 2014
Posts: 13,245 Ky
jbyrd63
trapper
|
trapper
Joined: Feb 2014
Posts: 13,245
Ky
|
https://zedmultimedia.com/2024/02/2...my-as-record-corn-supplies-sit-in-silos/Here goes your "pay for it farming" theory Corn is around 4.55 a bushel Approximate break even average is 5.20 Soo if you had 3000 acres you lost more than the guy with 1,000 ....... This type of expected loss is pervasive in rural America. The American Farm Bureau Federation, an industry group, said in a report this month that net farm income in 2024 is projected to have the largest year-over-year dollar decline in history. Deere & Co DE.N, the world’s largest farm equipment maker, expects sales of large farm equipment to decline 20% this year due to low commodity prices and high interest rates.
Last edited by jbyrd63; 02/24/24 12:34 PM.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085168
02/24/24 12:23 PM
02/24/24 12:23 PM
|
Joined: Dec 2011
Posts: 10,457 MT
snowy
trapper
|
trapper
Joined: Dec 2011
Posts: 10,457
MT
|
I have bought land and sold land through the years. I never once bought land and had the mindset that it would pay for itself or was it a game changer for me to buy.
Land is a long-term investment with hopefully some equity growth at some time. It hasn't been a reality for decades now that a piece of ground could pay for itself if you figure in all expenses that come with trying to do so.
I bought land as little as 800$ Ac to 7K an Ac and sold land as much as 14K an Ac. If land was given to you than making a total living off of it is real. Decades ago, it was an investment too, but the long-term investment at some time you could make a living from it, but it took years back then also.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085181
02/24/24 12:48 PM
02/24/24 12:48 PM
|
Joined: Nov 2010
Posts: 609 pa.
jarentz
trapper
|
trapper
Joined: Nov 2010
Posts: 609
pa.
|
Around here they are paying rent 250.00 to 300.00 an acre for land to farm. Guys coming from 50 miles away bidding on land to farm. I know farmers that farmed the same land 15-20 years,and someone would come and pay more. Like i said before,i would rather see farmers own it then any real estate. My 2 cousins are farming what 40 farmer did in the 70tys.
Last edited by jarentz; 02/24/24 01:20 PM.
jarentz
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085237
02/24/24 02:59 PM
02/24/24 02:59 PM
|
Joined: Dec 2006
Posts: 29,972 williamsburg ks
danny clifton
"Grumpy Old Man"
|
"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,972
williamsburg ks
|
jbyrd63, whats the price after tax payer bailout?
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085448
02/24/24 08:42 PM
02/24/24 08:42 PM
|
Joined: Oct 2009
Posts: 7,490 western mn
bucksnbears
OP
trapper
|
OP
trapper
Joined: Oct 2009
Posts: 7,490
western mn
|
I looked at the map / link Mike Cope posted and from what I've seen locally, prices for prime farmland was about 3000.00$ short.
swampgas chili and schmidt beer makes for a deadly combo
You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085477
02/24/24 09:25 PM
02/24/24 09:25 PM
|
Joined: Dec 2006
Posts: 7,552 WI>>>MN >>>WI
T-Rex
trapper
|
trapper
Joined: Dec 2006
Posts: 7,552
WI>>>MN >>>WI
|
Land for development; $112,069 Per acre.
Man who mistake shillelagh for fairy wand; see pixie dust, also.
|
|
|
Re: Land prices near you
[Re: Mike Cope]
#8085821
02/25/24 11:14 AM
02/25/24 11:14 AM
|
Joined: Dec 2006
Posts: 406 Fairfield County, Ohio
Half ton
trapper
|
trapper
Joined: Dec 2006
Posts: 406
Fairfield County, Ohio
|
According to this it goes for just shy of 7000 an acre where I live at. Farm down the road I've hunted and trapped for years, they have a realtor trying to sell two 10 acers lots for $250,000 ea. Farm rent is 200 to 350 an acre. Russ
U.S.ARMY(76-80) Member OSTA
|
|
|
Re: Land prices near you
[Re: Boone Liane]
#8085835
02/25/24 11:24 AM
02/25/24 11:24 AM
|
Joined: Jan 2018
Posts: 4,595 MN
Donnersurvivor
trapper
|
trapper
Joined: Jan 2018
Posts: 4,595
MN
|
We have about 2000 acres of grass rangeland going to auction at the end of the month here.
I’ve been eyeballing the homestead, it’d be awesome to own along with just 40-60 acres.
It’s fully expected to bring four figures per acre minimum.
For reference, with the current calf market and where interest rates are, you wouldn’t even be able to cover your interest at $1000/acre. From a production standpoint. South Dakota was my dream destination. When I first started looked adds talked about how many cattle could be run, how much hay could be produced, etc. Now all the adds talk about scenery and hunting and often dont mention cattle at all. I had to give up that dream.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085839
02/25/24 11:31 AM
02/25/24 11:31 AM
|
Joined: Feb 2012
Posts: 2,600 Northwest, Alabama
Old Relic
trapper
|
trapper
Joined: Feb 2012
Posts: 2,600
Northwest, Alabama
|
Locally a 400 acre tract just sold for $4000 per acre. Roughly 100 acres of it was bluffs and near verticle land. Maybe another hundred acres was cedar- Limestone scrub. The balance was marginal poor timberland. Bought by a local attorney for a hunting property.
I have a property in North Central Alabama where developers are offering me $40,000 per acre.
Either way, I think that it is too much money.
A Nation of Sheep - Breeds a Government of Wolves!
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085858
02/25/24 11:47 AM
02/25/24 11:47 AM
|
Joined: Nov 2023
Posts: 358 Lake Mille Lacs , MN
2poor
trapper
|
trapper
Joined: Nov 2023
Posts: 358
Lake Mille Lacs , MN
|
73 acres of tillable land in Sioux County near Sheldon , Iowa recently sold for $30,000 an acre. I believe that set the bar pretty high for Iowa farm land. I
It’s a lazy man who can’t find his wife a second job !
|
|
|
Re: Land prices near you
[Re: Bob_Iowa]
#8085865
02/25/24 11:52 AM
02/25/24 11:52 AM
|
Joined: Dec 2023
Posts: 129 MO
BC-Buck
trapper
|
trapper
Joined: Dec 2023
Posts: 129
MO
|
A clear 160 was sold last year for 14000 an acre a couple of miles from here. If out of state land owners could hunt every year Iowa would really get expensive.
|
|
|
Re: Land prices near you
[Re: bucksnbears]
#8085896
02/25/24 12:27 PM
02/25/24 12:27 PM
|
Joined: Nov 2023
Posts: 358 Lake Mille Lacs , MN
2poor
trapper
|
trapper
Joined: Nov 2023
Posts: 358
Lake Mille Lacs , MN
|
In order for him to pay 30K per dirt acre at least 1 other individual was willing to give $29.000 !
It’s a lazy man who can’t find his wife a second job !
|
|
|
Re: Land prices near you
[Re: Old Relic]
#8085913
02/25/24 12:54 PM
02/25/24 12:54 PM
|
Joined: Feb 2020
Posts: 9,047 Indiana
Providence Farm
trapper
|
trapper
Joined: Feb 2020
Posts: 9,047
Indiana
|
Locally a 400 acre tract just sold for $4000 per acre. Roughly 100 acres of it was bluffs and near verticle land. Maybe another hundred acres was cedar- Limestone scrub. The balance was marginal poor timberland. Bought by a local attorney for a hunting property.
I have a property in North Central Alabama where developers are offering me $40,000 per acre.
Either way, I think that it is too much money. Ok so I will give you $10,000 an acre then .
|
|
|
|
|