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farm sale

D

Dale in IN

Member
303 total acres
286 tillable
10 wooded
tracts 1,2,3,4. 265 total, 248.5 Tillable. 10.4 woods, rest highway frontage $2,350,000. $8868 @ acre.
tract #5 38.88 acres. 38.4 Tillable.road frontage on 2 sides. $350,000 $9002 @ acre
crops did not go with land and no income until next year.
 

Thanks for posting.
The funny thing is that these unbelievable high prices are probably the best investment one can make.
 
Listen. Soon we'll hear a loud boom followed by a rumble and it is going to be the sound of the land price bubble bursting followed by the collapse of same. You can hold your breath. It"s coming. And it won't be just land prices when it goes either. Expect the mother of all economic crashes to be just over the horizon. We'll all look like Scarlett O'Hara diggin in the dirt for a turnip when the dust settles.
 
If you follow the money the land selling now is people who can afford it. Look at the demand for the product its increasing every year and interest is cheap. We have the abaility to raise more food to follow the demand the big problem is our EPA and others trying to stop the supply like cant pen a chicken cant put a sow in a crate and the list goes on. We are getting close to having more people stopping progress than those making progress.
 
We're either in for a huge crash, or a huge boom - one or the other.


You can only sit in this gloomy gray area, flip flopping back and forth between recovering and failing for so long.

At some point, it'll all fall to one side or the other.

Unfortunately, there's a lot pulling it towards the failure side.
 
That's about half of what its going for around here. I still can't figure out how people are justifying $14-18000 an acre or $3-350 an acre rent. Just doesn't make sense to me
 
At that price and the price of corn/soybeans you cannot make money EXCEPT by building houses. Think there is enough industry/buisness that will pay enough to buy those houses?
 
Bingo! The dollar is going to go south in a big way in the not so distant future. Much rather have hard assets than any western currency. Metals are an option but don't give income. Low interest rates just add fuel. Eventually the market may soften but predict any loss will not exceed what inflation is going to do to the dollar. Land and gold is where my free dollars are going.
 
Give the buyer my phone number pls!!! Thought I made the wrong choice when I spent $4k/AC 5 years ago. Appraisal this year said otherwise, until the bottom drops out.
 
In my area the high priced land is selling to long established farmers with money, corporate farming operations and investors with cash looking for a respectable return and a little favorable tax relief. People subject to high capital gains taxes like farm land for several reasons, roll over the money and defer paying the tax, make income from the land in the meantime and maybe the tax rates will go down, even if land values go down and you sell it you still pay less tax on the original gains, you would be surprised how many people would rather do business and lose money than pay taxes. Having land available to rent is not a bad deal when you consider that it is about the only way for a young independent man to get started these days.
 
That is really rich farmland through there but WOW on that price. Farm in northeastern Henry County (I can see if from my Randolph county porch) is for sale. 179 tillable acres, 10 acres of woods, nice 1970s farmhouse, nice poll barn, one beat up old barn. Asking $1 million. Equates to $5,000 per acre on the tillable ground.
 
We had some land in central Ia bring just a couple ticks below $10K per acre last fall. Might loose money on the land if the price were to drop, but unlike the stock market, you still have the land to work, rent, or sell if value goes away. If stocks go away, so does your money and you get left holding the bag...
 
80 acres down the road from us here in Central Illinois sold for over 13000 an acre at auction the other day.

another 200 +- acres brought around 10500 the same day.
 
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