Posted by Goose on January 07, 2015 at 12:02:32 from (70.198.36.195):
In Reply to: Buying Land posted by picassomcp on January 07, 2015 at 08:53:15:
Coupla years ago, I sold a farm to the next door neighbor for $8,000 per acre. But, he and his son farm over 2,000 acres. (Before people go berserk over a BTO, I've known the guy since he was a teenager and you'd never hope to meet a nicer guy).
It was a private sale and I didn't even have to advertise. I approached his wife one evening, and the next afternoon he was over with a loan officer from the Farm Credit Bureau.
But to answer one of your questions, he could do it because he had a large operation to blend it into. At 8 large per acre, there's no way it would cash flow.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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