Home Forums Miscellaneous Topics Rural Living Farm land prices?

And I thought the $15K/ac around here for decent ground was bad. Wow.

Just sell it to Hughes, Scott. He will make another housing addition and you can retire! LOL

Watching the neighbors rip on a farm we passed on at about seven thousand --, hindsight,

Could have bought a ranch, not that many years ago, over by Wimberley, TX. Good sized place... like 15,000 acres. Price- $150 per acre.

Now it's $15-30k per acre.

Pretty poor ranch country, but people fleeing Austin drove it insanely expensive.

in the last 20 years here tator farms have been selling for 50.000 an acre or more to build new house,s on 80 by 80 foot lots

Something I've pondered for years.
If farmers aren't makin' no money, how they
kept buying land at thousands per acre.

Our local ones sure aren't.
Farms are sold to [bleep] imports, and broke up.
Most, you see broke into 50 acre chunks.
Because 200 acres is more than most could bear.

Always said if I won the powerball (rarely even play)
I'd buy every close by farm tgat came for sale.
Just to keep Baltimorons out, and the properties intact.

If it's like around here, and im sure it is,
one of these investment companies buy
it and split it up into 5 to 20 acre " mini ranches "
or the "getaway " land, and advertise it at
so much down so much a month and put a
option in that it can't be sold out of the possession
of so-and-so properties LLC and they get to
take it back when the people lose interest, or
figure out what work having property is even
when they go get in debt for that cab kubota to
mow their 5 acres with
I enjoy seeing these in this region when that
august heat starts toasting the imports, or
they try to drive on the ice instead of the fluffy
snow they're used to

Not to beat a dead horse,2 tracts productive farmland totaling 340 ac Eastern Morgan county Illinois,brought $17,700 an acre. How can you pencil that out? This is approx 3 miles from where I live, the bubble will burst sooner or later.

Must be long term investment strategy. Someone paid cash for it and the crops provide some decent cash flow. A generation or two down the road it will be sold at a decent gain.

I paid about $2000 an acre for a 5 acre lot back in 1976 and that was considered too high. A lot about 1/2 mile from me sold for $300,000 this past fall, and it didn't have tree on it. Back in1970 or so, I should have bought that 160 acres east of Albuquerque for $28 /acre.

God isn't making anymore land and it will only continue to rise

Around here where it took 30 acres or so to run a cow/calf pair, they are raising houses 8 to an acre and selling them for $300,000 base.

There isn't a farm or ranch, if you can call one that, within 20 miles of me now over 40 acres.

We had a couple farms sell at auction a couple months back. I heard the better sold for nearly 15k/acre, the other was just a bit less.

I still think a lot of this is people wanting to put their money in something solid. Not on paper in the stock market.

One of the only two bidders is a personal friend. His equipment dealership was most likely subsidizing the possible purchase. Most likely thinking the purchase would help future generations down the road. Even with high commodity prices and low interest rates this would have to be a extremely long term thinking.

farm just sold her in nebraske a few weeks ago 16800 /acre 160 acres another really poor farm sold over 9k it was 120 and a really poor farm i looked it over and decided i didnt even want it it was really steap broke up with timber and poor soil type

Another 80 ac sold yesterday for 18,000 an acre

Unless we have another Great Depression or some other life changing event, I cannot see land prices ever going back down. There may be a leveling off, and probably will be to some extent, but as the old saying goes...........they ain't making it anymore.

Land prices never seem to do well when interest rates rise significantly.......

Land prices aren't like that everywhere. You would be hard pressed to be 2-3k/ac in Se Ks

I just bought a 2160 sf house and 19.7 acres in Northern Alabama for $260,000 cash . Not really farm land as such but enough for some cows and a few pigs with plenty of deer and squirrels . Got at least 100 Red and White oak saw logs in the front yard alone .

Bought 27 acres in Minor Hill Tennessee in 2007 for $65,000 .Got 11 acres in pasture and the rest in woods with a fair pole barn . Cut logs off of it two years ago and will have another cutting in about ten years . Good deer and Turkey hunting and the taxes are cheap as long as I keep it on the Greenbelt.

The printing of money that has been going on since Ben Bernanke was at the fed called “quantitative easing” has driven up asset prices such as farmland. The big “family” banks at the click of a mouse get billions to loan or invest themselves. Those who have the capability try to turn the paper money into something they can actually put their hands on.