Just my opinion but so much of the land pricing and purchasing has been driven by emotion versus logic that one has to be wary when the attitude shifts on that. When the players left are only concerned with a reasonable return versus "got to have it and I don't want the other guy to have it" be prepared for the day when that happens so the emotional and economic impact does not blindside you. Around here for the most part I don't see the guys who have "run the numbers and this is what I think it is worth based on production" buying much of any ground. One of those guys is extremely well heeled financially. The only guys I see buying ground are guys like you that have a very strong non-farm business as a revenue generator. Then there are the Amish and Mennonites who put a half dozen kids to work for several years before they turn 18 to help dad buy things. Sometimes you see a small parcel of land such as 50 acres and that is when you see somebody cash everything in including the kitchen sink to beat the other guy out. I heard of one example when the big FSA payments were coming out that a farmer scraped everything together that he could including an extraordinary FSA payment to make a bid on 50 acres which he did get. It will take probably 70 years to get a return on it if commodities don't flatline but by golly "the other guy did not get that dirty rat....."
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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