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Re: What's a guy supposed to do!
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Posted by 1206SWMO on March 09, 2007 at 10:28:29 from (70.41.34.250):
In Reply to: What's a guy supposed to do! posted by BOBM25 on March 09, 2007 at 09:15:09:
Just 4 short years ago I bid up to $1200 per acre on the
neighbors nice 80 acre farm across the road.Nothing had ever
sold for much over $1000 before that but it ended up bringing
$1425.It last changed hands in the mid 1930's. Now we have dairy farmers from 10,000 miles away coming in
here and paying as much as $3300 per acre.Now everyone
thinks their land is worth that much or more.About 98 % of the
people in this area have been priced out of the land market
including many big farmers that mostly just rent. Between 1972 and 1979 we saw land go up from $200 per acre
to $1000 per acre.By 1986 it fell back down to $300-500 per
acre.Will history repeat itself?Most land around here is in pretty
secure hands as not much has been sold in the past 10 years. Theres really only two ways to acquire land and thats marry it or
inherit it.Its sad but true.The last time land cash flowed in this
area was 1972.
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