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Tractor Talk Discussion Board

Re: USDA ag census


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Posted by Texasmark1 on April 11, 2019 at 04:41:59 from (172.242.9.56):

In Reply to: USDA ag census posted by Bonnan on April 10, 2019 at 18:14:17:

My neighborhood has exploded. First off, locals running a few to several hundred acres have realized a step function in potential buyers with the growth of the DFW area. Urbania here is traffic, traffic, traffic; hustle bustle, everybody is in a big hurry. Building roads as fast as they can and no more get them built than developers have them full of cars again. Being in commuting distance to "the big city" (like 25-50 miles) makes my area very attractive.....when I bought out here it was 42 miles to my work and wife and I did it for 25 years. Today that trip would only be 25 miles due to urban sprawl and good paying jobs a plenty.

Those that can, buy a little place, like around me it's 10-66 acres. Being farm land, for tax purposes to take it out of "agriculture" status costs like 7 years of back taxes consisting of the difference between what the land owner actually paid and would have been paid if the property had not been in Ag. and then about $1.85/100 valuation at the current $7k tax assessment (not current selling price....that averages about $10k) per acre. Raw Ag. land is currently being assessed at $111/Ac., x $1.85/100........around 2 bucks. Plenty of incentive.

Besides, 40 years ago I converted from being an urbanite into a totally new way of life. Once you stick your toe in the water, no turning back. Grin


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