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Joined: Sep 2011
Posts: 60,730
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 60,730 |
Tomorrow at ten. Anyone have $1,600,000 you don't know what to do with? 
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Jan 2002
Posts: 12,831
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,831 |
I'm not land hungry.... I just want the piece next to mine.
Sic Semper Tyrannis
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Joined: Oct 2013
Posts: 8,490
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2013
Posts: 8,490 |
I'm gonna need a few more details before I wire the cash.
Writing here is Prohibited by the authorities.
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Joined: Dec 2013
Posts: 13,021
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,021 |
From what I read about other sales it's probably about 160 acres.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Nov 2015
Posts: 19,197
Campfire Ranger
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Campfire Ranger
Joined: Nov 2015
Posts: 19,197 |
I always figured good Iowa farmland was worth a lot more than farmland here, but the last 2 tracts of farmland that sold close to me, brought $12,000 and $14, 000 an acre. Now, it was good land, all tillable, and bought by Mennonites, but that's just too much to try and pay for by farming.
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Joined: Dec 2013
Posts: 23,686
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 |
By Mennonites is the key James. They pay more than market value in this area too. Our area, the wealthiest farmers are the ones that develop their land for new subdivisions.
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Joined: Aug 2004
Posts: 69,591
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,591 |
How much land?
$1.6 may be cheap...
Molɔ̀ːn Labé Skýla!
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Joined: Sep 2011
Posts: 60,730
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 60,730 |
160, more, or less is how they list it, I thimk.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Sep 2009
Posts: 747
Campfire Regular
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Campfire Regular
Joined: Sep 2009
Posts: 747 |
I am definitely in once the money comes in from the Ethiopian Prince that I got the email from. He needs to get a ton of money into the US and I am getting $2 mill to receive it. At least that is what he told me when I sent him the $10,000 receivers fee................
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Joined: Jul 2006
Posts: 4,796
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,796 |
How much money do you make from farming an acre of that land counting subsidies, crop insurance, all that jazz? You would have to look at it like a business and value it thusly and see what the "PE ratio" is. Plus it deserves a premium because "they ain't making any more of it".
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Aug 2004
Posts: 69,591
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,591 |
160, more, or less is how they list it, I thimk. Just the farm land? Or is it "the farm" included with house, barn, etc?
Molɔ̀ːn Labé Skýla!
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Joined: Sep 2011
Posts: 60,730
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 60,730 |
A small pole machine shed, and an old scale, a few trees in one corner.
They are giving choice of 80 acre tracts, but I think it will sell as one piece.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Sep 2011
Posts: 60,730
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 60,730 |
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Jan 2004
Posts: 10,298
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2004
Posts: 10,298 |
So you're thinking it'll bring 10k/acre?
Black Cows Matter!
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Joined: Nov 2015
Posts: 19,197
Campfire Ranger
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Campfire Ranger
Joined: Nov 2015
Posts: 19,197 |
I remember giving $450 an acre for a farm and worrying myself half sick as to whether or not I could pay for it by farming it, but I did. I cannot imagine giving $10,000 or more an acre and having to pay for it by farming it. It would be extremely hard to do.
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Joined: Dec 2005
Posts: 3,758
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,758 |
I'm gonna need a few more details before I wire the cash. I tried wiring some cash for land in Nigeria twice, and never got any land or even a thanks!!
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Joined: May 2003
Posts: 31,232
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,232 |
Unless it is registered as a legacy farm, those acres will probably go to a developer. The plague of Johhny Condoseed marches on...
Cleverly disguised as a responsible adult.
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Joined: Oct 2013
Posts: 8,490
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2013
Posts: 8,490 |
Will any local banks finance that kind of money for vacant land ? We have to put a minimum of 30 % down, even if there is timber and good water.
Writing here is Prohibited by the authorities.
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Joined: Aug 2004
Posts: 69,591
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,591 |
Will any local banks finance that kind of money for vacant land ? We have to put a minimum of 30 % down, even if there is timber and good water. Land Bank will finance more land than you can pay for. Why not? It ain't going anywhere.
Molɔ̀ːn Labé Skýla!
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Joined: Aug 2004
Posts: 69,591
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,591 |
Unless it is registered as a legacy farm, those acres will probably go to a developer. The plague of Johhny Condoseed marches on... Man. You totally lost me there. What, pray tell, is a registered legacy farm?
Molɔ̀ːn Labé Skýla!
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