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$26,000 per acre farmland. #7373780
10/07/21 01:42 PM
10/07/21 01:42 PM
Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
R
run Offline OP
trapper
run  Offline OP
trapper
R

Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
Johnson County, Iowa for the Iowa people. Sold @ auction.


wanna be goat farmer.
Re: $26,000 per acre farmland. [Re: run] #7373783
10/07/21 01:45 PM
10/07/21 01:45 PM
Joined: Dec 2012
Posts: 654
North Carolina
C
coondagger2 Offline
"Brat"
coondagger2  Offline
"Brat"
C

Joined: Dec 2012
Posts: 654
North Carolina
Yep...sounds about right


Gotta live up to the nickname...
Re: $26,000 per acre farmland. [Re: run] #7373784
10/07/21 01:45 PM
10/07/21 01:45 PM
Joined: Mar 2012
Posts: 180
Iowa
R
riverratdm Offline
trapper
riverratdm  Offline
trapper
R

Joined: Mar 2012
Posts: 180
Iowa
Prices are crazy. Not sure how you could get it to pay for itself at that price.

Re: $26,000 per acre farmland. [Re: riverratdm] #7373786
10/07/21 01:48 PM
10/07/21 01:48 PM
Joined: Feb 2016
Posts: 2,256
Kentucky
ky_coyote_hunter Offline
trapper
ky_coyote_hunter  Offline
trapper

Joined: Feb 2016
Posts: 2,256
Kentucky
Originally Posted by riverratdm
Prices are crazy. Not sure how you could get it to pay for itself at that price.

Sinsemilla


Member - FTA
Re: $26,000 per acre farmland. [Re: run] #7373787
10/07/21 01:53 PM
10/07/21 01:53 PM
Joined: Mar 2018
Posts: 883
Missouri
H
HayDay Offline
trapper
HayDay  Offline
trapper
H

Joined: Mar 2018
Posts: 883
Missouri
There must be more to the story. How many acres? Who bought it and why? Who bid against them....and why?

Usually there is the price paid, then there is the rest of the story that explains why. Once you hear that, it either explains it in a way that makes sense, or outs it as something else.

Re: $26,000 per acre farmland. [Re: run] #7373788
10/07/21 01:55 PM
10/07/21 01:55 PM
Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
R
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Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
It was a farm that was split up into parcels and sold. One buyer bought all the parcels so the farm was kept intact more or less.


wanna be goat farmer.
Re: $26,000 per acre farmland. [Re: run] #7373789
10/07/21 01:57 PM
10/07/21 01:57 PM
Joined: Dec 2017
Posts: 4,590
Kansas
Pawnee Offline
trapper
Pawnee  Offline
trapper

Joined: Dec 2017
Posts: 4,590
Kansas
Wife and I bought our first ground in 2001. 320 acres for $373/ac the first 6-7 years we barely made the payments.


Everything the left touches it destroys
Re: $26,000 per acre farmland. [Re: run] #7373791
10/07/21 01:59 PM
10/07/21 01:59 PM
Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
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run Offline OP
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Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
76 acres. Parcel 2. The other parcels sold for less money.


wanna be goat farmer.
Re: $26,000 per acre farmland. [Re: ky_coyote_hunter] #7373801
10/07/21 02:22 PM
10/07/21 02:22 PM
Joined: Mar 2020
Posts: 2,822
W NY
Turtledale Offline
trapper
Turtledale  Offline
trapper

Joined: Mar 2020
Posts: 2,822
W NY
Originally Posted by ky_coyote_hunter
Originally Posted by riverratdm
Prices are crazy. Not sure how you could get it to pay for itself at that price.

Sinsemilla

Lol


NYSTA, NTA, FTA, life member Catt.county trappers
Re: $26,000 per acre farmland. [Re: run] #7373804
10/07/21 02:23 PM
10/07/21 02:23 PM
Joined: Feb 2021
Posts: 14
Iowa
B
bigboy Offline
trapper
bigboy  Offline
trapper
B

Joined: Feb 2021
Posts: 14
Iowa
The "cheap ground" of that sale brought 21 an acre to boot

Re: $26,000 per acre farmland. [Re: run] #7373807
10/07/21 02:27 PM
10/07/21 02:27 PM
Joined: Aug 2012
Posts: 3,251
SE Minn
R
Rat Masterson Offline
trapper
Rat Masterson  Offline
trapper
R

Joined: Aug 2012
Posts: 3,251
SE Minn
There is no money in farming?

Re: $26,000 per acre farmland. [Re: run] #7373813
10/07/21 02:44 PM
10/07/21 02:44 PM
Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
R
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Posts: 10,217
Greene County,Virginia
Note- I don't claim to know anything about Iowa farmland. Just happened to run across the article on Agweb.com.


wanna be goat farmer.
Re: $26,000 per acre farmland. [Re: run] #7373839
10/07/21 03:29 PM
10/07/21 03:29 PM
Joined: Aug 2010
Posts: 7,973
Asheville, NC
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charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 7,973
Asheville, NC
Have to grow pot at those prices.

Re: $26,000 per acre farmland. [Re: run] #7373848
10/07/21 03:41 PM
10/07/21 03:41 PM
Joined: May 2009
Posts: 10,411
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 10,411
Champaign County, Ohio.
The buyer will be rich when he sell off 1/4 acre sections of that farmland at $60,000.00 each for new home, building lots.

Keith

Re: $26,000 per acre farmland. [Re: Rat Masterson] #7373858
10/07/21 04:03 PM
10/07/21 04:03 PM
Joined: Dec 2014
Posts: 1,222
Tug Hill, NY
S
Squash Offline
trapper
Squash  Offline
trapper
S

Joined: Dec 2014
Posts: 1,222
Tug Hill, NY
Originally Posted by Rat Masterson
There is no money in farming?


Thatís was I was thinking, look what farmland is worth and the farmers need more subsidies ?

Re: $26,000 per acre farmland. [Re: run] #7373864
10/07/21 04:20 PM
10/07/21 04:20 PM
Joined: Dec 2006
Posts: 22,023
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 22,023
williamsburg ks
Oct 1 corn was 5.40 a bushel. If you get 200 bushels an acre thats 1080 dollars gross per acre. How much subsidy are they getting? I have no clue. To pay 26000 per acre it must be huge.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: $26,000 per acre farmland. [Re: Squash] #7373866
10/07/21 04:25 PM
10/07/21 04:25 PM
Joined: Dec 2006
Posts: 8,937
East-Central Wisconsin
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bblwi Offline
trapper
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Joined: Dec 2006
Posts: 8,937
East-Central Wisconsin
Might not be money in farming the land but for an investor or a really high equity land owner farmer the ownership of the solid asset may far out weight their concern for rate of return on the investment or even ever paying for it.

I know this is on a much smaller scale but I know a semi-retired farmer who now owns a bit over 500 acres. The last he purchased was 5 years ago when he bought a 40 next to him for 440K. His other 465 acres averaged just under 1,000 per acre over time so he now has an average purchase price of just below 1,800 per acre. He has all but one forty in a trust and currently the land rental income from the 416 crop acres is $110,000 per year. He is still getting well over 6% on his original land investments even with the expensive 40.

Bryce

Re: $26,000 per acre farmland. [Re: run] #7373880
10/07/21 05:00 PM
10/07/21 05:00 PM
Joined: Dec 2013
Posts: 10,217
Greene County,Virginia
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Greene County,Virginia
My corn price is $6.09. I have a gut feeling that something other than commodity prices are driving land prices up. Just my 2 cents.


wanna be goat farmer.
Re: $26,000 per acre farmland. [Re: run] #7373884
10/07/21 05:07 PM
10/07/21 05:07 PM
Joined: Feb 2016
Posts: 2,256
Kentucky
ky_coyote_hunter Offline
trapper
ky_coyote_hunter  Offline
trapper

Joined: Feb 2016
Posts: 2,256
Kentucky
What's driving the price of land, housing, or any material property for that matter is peoples fear of cash losing its value, IMO.


Member - FTA
Re: $26,000 per acre farmland. [Re: run] #7373891
10/07/21 05:16 PM
10/07/21 05:16 PM
Joined: Mar 2019
Posts: 1,208
Southern NJ
maintenanceguy Offline
trapper
maintenanceguy  Offline
trapper

Joined: Mar 2019
Posts: 1,208
Southern NJ
Payback, if growing soybeans, would be about 70 years.


-Ryan
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