Posted by Dave from MN on February 16, 2010 at 12:04:59 from (96.24.95.216):
In Reply to: Land posted by NY 986 on February 16, 2010 at 07:17:56:
When I bought my land and the farm, previous owner was getting $25 an acre for rent, and I bought the tillable for $1680/acre. That was '04. I raised rent to $45 an acre and the farmer compained I was gonna puyt him in the red(ya right). Fast forward to 2009, I just paid $6000 an acre for an adjacent feild to what I paid $1680 in '04. High low here now is $2300/$8500 an acre for similar types. I farm my own land and rent some, cheapest is $25/acre, highest is $45 an acres. I have a larger peice that I am hoping to secure but.... I am gonna have to make an offer of at least $70 an acre to get the land from current guy. This is dry land, marginal soil, BUT is adjacent to my property, and I have plenty of poop to reduce fertlizer costs. Alot of land here is hitting the $75-$100 FOR DRY LAND, AND GOOD LARGE IRRIGATED SEEMS TO BE CREEPING UP TO THE $300 MARK,
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