Posted by Bobl1958 on January 14, 2016 at 11:32:36 from (68.98.205.31):
In Reply to: What a Thursday posted by notjustair on January 14, 2016 at 09:04:41:
I can tell you that some land out here in Central KS sold two years ago for $4200 per acre with no oil wells. There was also a quarter that they tried to sell at auction just after Thanksgiving that the bid was only $1550 per acre, and the quarter was all farmland, terraced but not bad land. Another quarter a couple miles away that was flat river bottom had a top bid of $1650 per acre. Neither quarter sold. I can't think $3500 would be that bad in your area, WITH the mineral rights, but only you know the amount of debt you can stand. Interest is still low right now which would be another +. Good luck - Bob
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