It's interesting the number of comments of the "value" of the land. Some of you guys are on the side that the best value is the rent income, and others are of the land itself. Land ownership needs to be looked at from two perspectives. 1: What annual income will the property produce? Rent - taxes and other expenses. How much rent a farmer can pay is directly tied to program payments, and these payments vary widely from region to region. 2: What is the investment potential of the property? The last 20 years the growth in land values couldn't be beat for an investment. The 20 before that, you did well if you didn't loose on that investment. What will happen in the next 20?
Most people operate on emotion. Today's investment outlook is that the stock market is going crazy, and land values will level off with commodity prices in the dumpster. Why wouldn't I sell land and buy stocks?
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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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