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We pushed it to the next to last bid. 141.4 acres, 31 cares good crop ground, the rest pasture brought $8,250. Who knows if we should have kept bidding.


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I assume that is per acre?

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Yes, per acre, the total was $1,1665.50.


These premises insured by a Sheltie in Training ,--- and Cooey.o
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Damn that is crazy.



Things are way cheaper out here but we obviously don't have the amazing soil and moisture.


Local that would be say $800/acre for (dryland)farm ground, maybe $350-500 for pasture.

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The last land that sold here, private sale, brought $14,000 an acre, for a 50 acre tract. Now, it was sold to a Mennonite, and I'm sure he'd sold some land back in Pennsylvania before coming here, so he may have already had the money as far as I know. It was all tillable, but had no buildings on it, and they put up a big house, barn, and shed, so that added to the cost.

They have about half the place planted in produce and tobacco, and the rest is rented to a local farmer. The other half of that farm sold a couple of years ago for $12,000 an acre to another Mennonite, and it had an older house. It's about a mile from me as the crow flies, the same distance in the opposite direction as another farm that also brought $12,000 an acre a couple of years back.

It's hard to say just what land is worth here, as the Mennonites buy just about all of it, and they look at it differently that I would. They are here in large numbers, and have to have the land in order to stay here, so they pay whatever it takes to buy it. I own 300 acres, and the thought has crossed my mind more than once to sell out and go somewhere that land is not so high, and buy more. But, my family has owned this land since the mid-1800's, so it's part of my heritage to stay here, and besides, I really don't want to live anywhere else. Besides, land everywhere around here is too damn high, and I'd have to more than likely move a long ways off to find cheap land.

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I buy land here for $400-$2000 all day long... the only tracts bringing that kind of money are commercial.


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That was just a bit higher than most folks had it pegged. A good fellow just across the highway bought it.


These premises insured by a Sheltie in Training ,--- and Cooey.o
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My cousin has this ranch for sale: https://www.llpranchland.com/listings/antelope-springs-ranch

Bargain priced at under $1700 an acre.

Anyone interested? smile


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Wonder how many rattlesnakes per acre, RBB? I've hunted in that area and an ex-BIL lived on a ranch between there and Colorado City. He loved to catch rattlesnakes.

How many cows would that support?

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I imagine it's got quite a few... wink

My cousin, Bill is a more than a bit eccentric. He designed and built that house. He is a very highly acclaimed architect... designed professional golf courses, etc.

But, he's never been a rancher. I doubt that place even has any cows on it. If there are some, it's for the ag exemption.

That entire ranch, including the house was decimated by wildfire a few years back. They rebuilt and renovated it all.


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down here a 125ft by 125ft lot in a high end subdvison starts at 25000,00 then at least 3 to 4 hundred thousand to build a house

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I love the "house" he built there.

Wonder if one could ever get any amount of native grasses established on that soil.

Last edited by LouisB; 08/24/19.

Some spelling errors can be corrected by a vowel movement.
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Originally Posted by wabigoon
We pushed it to the next to last bid. 141.4 acres, 31 cares good crop ground, the rest pasture brought $8,250. Who knows if we should have kept bidding.



Just wondering,
with 31 in crop and 110 +/- in pasture...
how in the world do you talk a banker into that?
and/or if you have the cash on hand, how do you ever beat a 2% CD in town on your million?
Unless you develop it into houses or malls I don't understand how you recover, let alone get a return, on your outlay in 2 lifetimes.....but then again, I'm not very smart.


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Broseph, I was wondering the same thing.

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I've long wondered how much of what crop would be necessary to make the interest on a loan or to supersede other forms of investment if no loan was involved.


Not a real member - just an ordinary guy who appreciates being able to hang around and say something once in awhile.

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Around here land for ag use always sells for more than it will cash flow, crops or cows.

Except for the crisis of the early 80's land has appreciated in value, and that makes it work.


Always drink upstream from the herd...cowdoc...
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I'd better correct myself, Out of the 141.4 acres, all but 31 are tillable. Still a lot of money.


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Old farmer nehbor up the road has bought about 3000 acres here in se Nebraska over his lifetime...he is 83 ....told me he never bought a farm he didn't think was too much at the time...his first farm was 150/ acre....he paid it off in 3 years....last one he bought a few years ago around 7500..
My grandad was the same way...he bought one one time and paid it off with his first crop....that will just never happen these days with the safety net of fed crop insurance....
Someday you may look back and say boy I should have payed up and got that farm...

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how much net income will an acre of corn or soybeans generate - assume avg over 10 years?

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Originally Posted by rainierrifleco
Old farmer nehbor up the road has bought about 3000 acres here in se Nebraska over his lifetime...he is 83 ....told me he never bought a farm he didn't think was too much at the time...his first farm was 150/ acre....he paid it off in 3 years....last one he bought a few years ago around 7500..
My grandad was the same way...he bought one one time and paid it off with his first crop....that will just never happen these days with the safety net of fed crop insurance....
Someday you may look back and say boy I should have payed up and got that farm...




Back when land was cheap, it didn't take long to pay a farm off, if you were good at managing money, and had a good crop. It'd be hard to do that today, especially with the land prices around here. I had chances to buy more land when I was younger, but wanted to wait until I had one paid off, before buying another one. Big mistake......one I see now. I'll never be able to buy more land around here now. I'm too old to want to go in debt again, and it's not worth what it's bringing.

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