Posted by RockyMO on October 15, 2008 at 12:58:42 from (24.216.122.188):
In Reply to: OT land prices posted by MoMike on October 15, 2008 at 09:33:15:
It seems to me like when the stock market goes down people start investing in land. I bought some ground in Macon Mo in 1993 for $273 per acre and all my coworkers told me I was nuts, said that land will never be worth anything. Land close to me now regularly seems to bring $2,000 to $2,500 for rough timber ground like mine. I heard the other day that a couple of doctors from St. Louis were in the area buying every piece of ground they could get their hands on and paying big money. I guess they feel safer investing that way than the market. Someone once said, "invest in land, they are not making anymore of it" or something like that. A couple years or so ago the St. Andrews golf course in St. Charles Mo sold to a developer for $80,000 per acre, that one caused me to do a double take but others have said it should have brought $100,000 per acre. I guess it all depends on location.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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