Posted by 1206SWMO on February 25, 2008 at 17:10:59 from (12.213.112.39):
In Reply to: Re: Cash crop rent posted by VADAVE on February 25, 2008 at 15:40:24:
Dave, I got a question for you.How could someone buy ground in VA for $6000 per acre and then rent it out for $65 per acre?Thats a 1% return on your investment.$10 per acre rent barely pays the taxes. What kind of crop yields do you get in VA?
Here in the rural midwest when you get away from the big cities and the development ground,the 5% rule works.$1500 ground here rents for $70 per acre.Our land isnt as overvalued as it seems to be elsewhere.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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