Just reading in today's paper in Sioux county Iowa a 73 acre parcel of farmground sold for $20,000 per acre. Granted it is great land , and you gotta buy when it's for sale, but WOW! Also there had to be 2 people for the price to get up there. In contrast grandpa's farm just sold this week for a little under $7000 per acre, and it is good ground but with a building site and a 10 acre pond that will never be farmable.
- Thread starter gregk
- Start date
I hear on another forum - so that makes it real reliable you know - that it was between an adjoining dairy farmer of 240 acres, and a much bigger farmer in the region.
The dairy farmer got it. With the enviro laws for manure disposal, sounded like he just kinda needed the land to keep dairying profitably?
--->Paul
The dairy farmer got it. With the enviro laws for manure disposal, sounded like he just kinda needed the land to keep dairying profitably?
--->Paul
fixerupper
Well-known Member
There's a lot of money in Sioux county. Lots of generations-old Dutch farm families who have done a top notch job of of farming and money managing. I do question the purchase of plain old farm land for $20,000 per as being good money management. Jim
Buddy of mine sold out dairy farming due to EPA regulations. Sold the whole she-bang and bought land to make a private hunting club.
Great guy and still talks fondly of his cows - he really did not want to get out of it but city grew around him and EPA, DEP etc. was frequently checking on him due to neighbor complaints i.e. smells, manure spreading etc.
Great guy and still talks fondly of his cows - he really did not want to get out of it but city grew around him and EPA, DEP etc. was frequently checking on him due to neighbor complaints i.e. smells, manure spreading etc.
Daryl in PA
Member
Need more info. Does this land have development rights. Can it be sold for industry etc, or just zoned agriculture. 6 years ago, my father sold some land for 110,000 per acre. Paid 2,000 per acre in 1967.
old popper
Well-known Member
I thought the seller was from Washington?
Anonymous-0
Well-known Member
was watching the news about Iowa crying how bad it is there. Then you see land ,auctions prices go high .So who is broke?
fixerupper
Well-known Member
The one who is broke is the farmer who pays the big rents that come along with the high priced land. Wait'll corn goes back down to 3.50 and you'll hear wailing.
Around here a hog company is buying land and having it custom farmed. Their plan is to grow their own feed. They aren't paying the super high prices for the land they do buy because it has to pay back in actual grain sales. Jim
Around here a hog company is buying land and having it custom farmed. Their plan is to grow their own feed. They aren't paying the super high prices for the land they do buy because it has to pay back in actual grain sales. Jim
A farmer allways needs more land, All the things that are neede to farm in todays times.
Its not like years ago.
Farm equipment cost so much, New tractor's are
300 thousand $ combines are the same + all the heads & thing that are needed to go with it.
Even used equipment costs is high priced & the repairs are out of sight, Labor almost $100. per hr. & more at some dealers.
Parts are somthing else, Its nothing to have $1000. of parts in one hand when you walk out the door.
Now the new stuff a farmer cant work on electronics cause of lack of no how.
It has to go to a dealer & if it dont run they come to the farm, Servace call $$$$$
Some time go to a dealer & just look at the new combines & tractors, Etc. look at the electronics
Who do you think will fix it, The dealer teck.
$$$$$ Farming is not what it used to be.
Its not like years ago.
Farm equipment cost so much, New tractor's are
300 thousand $ combines are the same + all the heads & thing that are needed to go with it.
Even used equipment costs is high priced & the repairs are out of sight, Labor almost $100. per hr. & more at some dealers.
Parts are somthing else, Its nothing to have $1000. of parts in one hand when you walk out the door.
Now the new stuff a farmer cant work on electronics cause of lack of no how.
It has to go to a dealer & if it dont run they come to the farm, Servace call $$$$$
Some time go to a dealer & just look at the new combines & tractors, Etc. look at the electronics
Who do you think will fix it, The dealer teck.
$$$$$ Farming is not what it used to be.
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