Topic: Re: O/T Investing opinions
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Farm land is not what I'd consider a good investment. In our area (central midwest) if you bought farmland 10yrs ago on an investment or to farm, it was probably a great investment today, however, you would be buying when the market is HIGH right now, which is never a good idea. Just an fyi though, some land went for 21,000/acre a while back. I can remember my dad (probably around that 10 yrs ago), not wanting to buy land for 3,500/acre because he was worried about what land prices have done in past (80's I believe). This land today would be worth 10-12k/acre in comparison to what similar pieces are going for. Take that difference and multiply it by 180 acres!
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