land auction ohio

Ray · Nov 14, 2015

113 acres in west central ohio . I guess you could call it gently rolling, average ground brought $17200 per acre. They then sold the two story brick house, over 100 years old with a bank barn and a couple small buildings with 5 acres for 140000.

gtractorfan · Nov 14, 2015

What's the nearest town?

NY 986 · Nov 14, 2015

Yeah, I would like to know more myself. A lot of reasons for it to go for that kind of money. Close to a growing city. Two BTO's fighting it out. Ground that will grow vegetables whereas nothing else around will. I would be willing to bet it was not a small farmer with 10 percent down going to Farm Credit for the rest.

Ray · Nov 14, 2015

West of New Bremen ohio a few miles. A farmer bought it. No development in that area. Corn and soybeans raised. Any farm will bring 9000 or better in our area. The farm across the road from this one sold for 12000 4 or 5 years ago.

Dave Salway · Nov 14, 2015

That is not the highest prise for ground in Mercer County .
I believe record is 19,200 . Very seldom does ground go for
under 10,000 . Even the amish in west side are over 10,000 .
Yields are on high side but I still can't pencil it out
even with the paid land they hold . Most farms run ag. and
livestock and ground is needed for manure at least thats the
excuse you hear .

1206SWMO · Nov 14, 2015

That makes our farm land In my part of MO look cheap...$3000-3500 per acre gets you 125-150 bu corn ground and 30-40 bu soybean ground....Taxes are about $5 per acre..

gtractorfan · Nov 14, 2015

I grew up not far from there in Adams Co. Ind. and in fact our milkman hauled to New Bremen I'm pretty sure. (I was a kid then) Where I grew up amish are desparate for land but I've never heard of that price, especially for that many acres as a unit. The tax man will be happy.

J. Schwiebert · Nov 14, 2015

I am about 70 miles north of that sale with the same type of farming operations and the land brings the same here and all the suggestions you mentioned are not true here. We have one guy who probably has purchased about 600 acres at close to those prices in the last year and he said none of his beans did over 30 bu. this year. Then around here you tile this land too at about a 30 or 35 foot spacing. So more expenses to get it in shape. Then I had a call the other day and the man wondered why there were no cattle on pasture around here.

NY 986 · Nov 15, 2015

I believe you but that is plain crazy for crop land that even with tile will not give you 220 bushel corn and 70 bushel beans. When the land prices increased here the tax assessors sure took notice and that has since added to the overhead for quite a bit of ground that honestly seldom yields 175 bushel corn or 40 bushel beans at its best. Now guys are crying with a poor crop year and poor prices about property taxes. I am sure it all feels good to be king of the neighborhood but time has a way of cutting everyone down to size. Once it gets to the point where guys can't make property taxes in a good year land will come on the market and prices will start reflecting an economic return based on production.

land auction ohio

Ray

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gtractorfan

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NY 986

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Ray

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Dave Salway

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1206SWMO

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gtractorfan

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J. Schwiebert

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NY 986

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