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14 acres sold for, 12,4ooo yesterday.

124,000? or 12,400?

[12,400? @acres.
[/quote]

If you had some Mennonites there, it would go for twice that. That's what's happened here, they've driven up the price of land almost double.

Two things about land.

Everything above the ground, comes out of the ground

They aren't making any more of it.

The smaller the tract, the more it'll bring per acre.

Barry, as a rule yes. The story is an 8o between two famers that want it will sell High,

I'm still not clear on the sale price?

14 acres for $12,400?

Brian, I'm having keyboard trouble. 1o4 acres. $124oo an acre. A LOT OF MONEY.

Your keyboard looks to have had a stroke.

Please just respond Yes or NO.

LOL

104 acres @ $12,400/acre

YES.

1o - f0ur!

I think that the Dutch are still making polders, although they have dropped large-scale plans.

They better be growing dope on that land, $1,289, 600 is a bit much for corn and bean ground.

Not long ago we sold a 67 acre farm at auction for $737,000. It was a difficult piece of ground to farm because it was shaped sort of like the State of Idaho and had an east to west running ridge in it, so it had to be irrigated by ridge-till gravity or farmed as dryland. The neighbors on the east and west bid it up, with the neighbor on the east winning it. I'm sure that he would have liked to have paid less $$ for it, but he could have stopped bidding at any time, so I'm not feeling sorry for him.

Land prices show no sign of leveling off. I guess different things drive the market in different parts of the country. As I said in my earlier post, it is the Mennonites that have driven it up here. They have decided that the area here where I live is their new "mecca". They're buying land to build businesses on, as well as to farm, and they'll spend big bucks for any kind of land.

The last farm of any size that sold around here, brought $14,000 an acre.........and although it was all pretty much tillable, it was a cattle farm, with a very old house, and one barn. A local Mennonite farmer bought it, and one of his sons is living there. The main drawing card here is the produce auction, one of the largest in the state, and in the region. Buyers come from as far away as Chicago and Atlanta to buy, and there is some good money in it. The Mennonites and Amish like to grow produce, because they can do so on smaller tracts of land, using labor with all the kids they have.

The higher land prices go, the further the spread gets between ever seeing blue sky with agriculture use.

Perhaps the bigger picture is the land futures themselves are the real blue sky?

Ag may provide some cash flow while you are sitting on the investment. But you don't really make any money until and unless you sell it.

Prices in SE KS aren't near that. I sold 40 7 years ago for 2200/Ac. I hope they keep going up. It will be a few years but my 80 is part of my retirement fun money.

I paid $960K for 640 acres of dryland ground about 20 years ago. Since then is has produced $2.15M in gross rental income. I put a well and a center pivot irrigation system on it that used up most of first two years' rent, but having a good well and a center pivot probably doubles the annual crop yield and the amount of rent that the farmer is willing and able to pay. Last year it averaged 288 bushels per acre, including the four corners that aren't under the pivot. The rent was $130K and the corn sold for $868K, so the farmer had $738K available to cover his other expenses.

In 19 sixty-two, they sols the one sixty acre Fred Finger farm south of here for $4oo an acre. A new house, two blue Haverstore silos, and an acre of concrete.

A faimily friend said, at six 9ercent, that's 4oo dollars a acre a year! Think on it!

Land has gone u9!!!

Richard, are you hitting that hard cider again, or trying to type without your glasses, like I've been know to do.

Its the sou9 in the keyboard!

Gotcha

Buy a new one. They’re cheap.

he is still easy to understand . better than that dude from AK that posts like a 3yr old . go wabbi lol

Is it one whole section? It sounds like you bought it at the bottom of the market!

Actually, I traded most of my Father's pre-'64 Winchester Model 70 collection to Bearrr264 for it. He wanted the rifles and I didn't want the memories that they represented.

Really?

Really. Around 300 rifles, over 100 that were NIB.

That's pretty easy math to do. Yep.

X2, menards used to sell spill proof keyboards for $15.

I just put Saran Wrap on my backup!

Seriously? JFC!

This is why children are not allowed food or drink around a computer.

SMH 🤦‍♂️

Ha.

Land prices have leveled off here and are down about 40% from their highs 5-6 years ago.