What happens around here is the old guys who were wise and bought land back in the 80s for 600 dollars an acre are still making money and are looking for a place to park money....and land is a safe place...when you get 2 of those guys at an auction you may as well go home..we have a few outside investors buying up land too...
So if you have a million dollars setting around. It would buy you 1/4 section here....and you get 35-40k guaranteed income minus taxes..if you rent it...its a very low risk investment...when you want to cash out there is a good chance you will get more than you paid...
You get agriculture people to pay a 35-40k lease on 160 acres?
That must be some pretty productive land.
Or are you talking about city slickers with desk jobs leasing it?
