Land Values

CKain(MI) · Feb 11, 2013

What are the opinions or 'scuttlebutt' re: Farm land values for the coming year. going up, down, holding ?
If you comment, please give your location. Thanks

jm. · Feb 11, 2013

I am in Middle Tennessee and as long as the interest rates are at all time low and farm products stay at current prices I can not see farm land getting any cheaper. May not go up any but I feel it will hold it,s current pretty high level.

buickanddeere · Feb 11, 2013

Is the price of the land going up? Or the value of the dollar going down?

Goose · Feb 11, 2013

I'm hoping prices here in Nebraska don't go higher. I'm thinking they've peaked. My sister and I sold our family farm last fall. It was dryland, with some timber. We sold it for $8,000 per acre for tillable and $2,000 for timber.

Some choice irrigated sold for $14,000 per acre recently.

RLH22 · Feb 11, 2013

have you seen any good creek bottom tillible groundsell in your area??? thanks

Samuels68 · Feb 11, 2013

They're not going down 'round here for sure! Just looking at the latest land values in the paper last week. Average for Scott County (eastern "nose" of Iowa) broke $11k this year, just over $9200 last year, and thats not the highest in the state, a couple counties have beat $12,500!

Anonymous-0 · Feb 11, 2013

New corn DOWN 36 cents in a week----$5.22 New beans DOWN 79 cents in a week----$12.03 This is the local market--Lsnd prices $$$$$$$$$$

MSD · Feb 11, 2013

Link here is to land auctions for the last 12 years and those of this year. They are from probably the busiest land auctioneer in the state of SD.
2000 2013 land sale results from SD

Huskers86 · Feb 11, 2013

(quoted from post at 19:01:35 02/11/13) What are the opinions or 'scuttlebutt' re: Farm land values for the coming year. going up, down, holding ?
If you comment, please give your location. Thanks

s.c. ne 12,500 per acre. 2 years ago I thought we topped but it keeps going. I think as long as the interest rates are down folks keep brining outside money into land as it's giving a better return.

Dalet · Feb 11, 2013

In MN, land prices are, What have you got? I will sell you this for 10x what you have for cash. Per acre.

Spook · Feb 12, 2013

I think the high land prices are going to put a collar around new development. Land for a new sub will cost a lot more, meaning new houses will cost more.

Nice · Feb 12, 2013

Just went to a 2013 outlook meeting hosted by the county AG Extension, featured Purdue"s Ag Econ department. They are forecasting that farming will "plateau" in the next couple years. Meaning that its not going to crash, but level out. And they forecast that cash rent will average up 5% this year, 2% next and then 1% each for 2015/16. This leveling out would result in less profit, but bring back some stability to the corn market which would be nice. They were saying $6500 to $8000 on good Indiana land. I hope that it does level out, but we'll see...

BAnNC · Feb 12, 2013

Prices stayed too high in WNC. Through all the recession, they just didn't sell any land. Never let the price go down. If you can find it: one acre could be 25,000 or 100,000. There really aren't many tracts left over 100 acres in these mountains.

Traditional Farmer · Feb 12, 2013

The US Dollar is going down and smart people are putting their cash into real/hard assets.
In 2007 it took 700 US Dollars to buy an ounce of what all money is measured against GOLD.Now it takes around $1700 US Dollars to buy an ounce of Gold so in terms of real money the US paper curency has dropped to under 1/2 its value since
2007 to now.And with the Fed printing/'creating'
over 1 Trilliion$ a year for the foreseeable future the US Dollar will continue is decline.

Land Values

CKain(MI)

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jm.

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buickanddeere

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Goose

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RLH22

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Samuels68

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Anonymous-0

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MSD

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Huskers86

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Dalet

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Spook

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Nice

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BAnNC

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Traditional Farmer

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