It's all over the place and always has been. Around here you can have vegetable ground, pasture land, swamp land, and mediocre row crop ground all within one mile of road. The better question is does the market have room to soften and I would answer yes. Locally, meat and milk were doing fantastic when grains were at historic highs. Now meat is steadily dropping and milk plummeted. The largest buyers in terms of number of acres locally are the Mennonites and their game has been seriously hampered by low milk prices. I could see a decade plus long slump in milk just like it was prior to several years ago. The Mennonites can do things that others can't but they have hard limits in terms of what the cows will produce and how much they can receive on price per hundred weight. Further, they are affected by the weather just like everybody else and have suffered through poor feed quality brought on by damp cool summers. I don't think the Mennonites have that many tricks left to push the land market like they have been. In terms of property taxes it has caught up to everybody that when you pay extreme money for ground that the tax assessor tends to think that the assessment in general needs to reflect that. Paying more on property taxes has reduced available cash along with lower commodity prices which leaves considerably less in the war chest to play keep away from your competitors when 50 or 100 acre bite sized parcels come up for sale.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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