Posted by c-man on May 11, 2010 at 09:48:14 from (69.77.199.135):
In Reply to: O/T Land prices.... posted by ChrisinMO on May 11, 2010 at 06:23:33:
In western SD I gave $115/acre in 1992. Didn't have any other land, so it had to pay for itself. It did, but barely. Now, that same land would bring $500-600/acre. Wheat, which is about the only CONSISTENT crop that can be grown, prices are not any better than they were in 1992. Expenses have gone up. Just don't know how people are doing it. We are getting by with old equipment, doing almost everything by ourselves and are just squeaking by. Sunflowers work in some years as does corn, but as a rule, we do not get enough moisture in July and August to make most row crops work. But yet, the land prices continue to rise.
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