Price varies depending on what can be done with the land. Zoning ordinances in the township determine what can or cannot be done. I saw that this property is in clean and green, so if someone wants to develop it, they have to pay the back taxes up to 7 years. For strictly farmland, i'd say the price was high considering the condition of the house and buildings, but if 1 acre building lots can be sold off at 50,000 to 60,000 per lot, well do the math. One has to do their homework before purchasing farms or land at auction. Some farms in Pa, the owners sold all development rights, depending on county, was 2500 to 7500 per acre. That land can only be used for farmland no matter how it was zoned. We currently have a 55 acre tract of farmland along the interstate that is zoned industrial. I am listing with a realtor this week at 75,000 per acre. Might take 10 years to sell it, maybe more, but industrial ground is getting harder and harder to find.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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