Posted by paul on August 19, 2010 at 22:24:53 from (66.44.132.7):
In Reply to: Re: land auction posted by e on August 19, 2010 at 21:01:08:
Thought you put 25% down at least, closer to 50%, on farm land these days.
The big players have big cash sitting around.
If you put 33% down, think that brings it to under $300 a year, which is close to rent prices for top land around here.
Now, I wouldn't sleep good knowing grain prices don't hold up to historic highs for 30 years, but some folk sleep well using othe rpeople's money, so it could work for them. :)
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