Posted by SHALER on March 22, 2021 at 06:00:21 from (100.6.88.139):
In Reply to: Land Prices posted by Traditional Farmer on March 22, 2021 at 04:38:49:
Most feel we are entering an inflationary time/cycle, combined with low interest rates for now is what is driving this. Generally real assets like real estate, farmland, etc appreciate more during these times. As for farmland, corn/beans started an upward climb last August and everyone is trying to catch that wave. Also, I believe the new displaced work from home workforce will be putting new pressure on land for houses, acreages, etc in areas that formerly had little to no demand except from the blue collar worker working for peanuts at the local small business. In my neighborhood, a house with 10 acres just was listed on the market month ago for about 1.5X all the local yokels thought it should be priced at. It has NOT sold yet, but at least the family and the realtor think its pretty valuable. We'll see.
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