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Price of farms #7377650
10/12/21 05:08 PM
10/12/21 05:08 PM
Joined: Jul 2010
Posts: 79
SE Pennsylvania
P
Pafoxman Offline OP
trapper
Pafoxman  Offline OP
trapper
P

Joined: Jul 2010
Posts: 79
SE Pennsylvania
A farm in our area just sold on auction. 129 acre dairy farm, limestone farmhouse. It sold for 4.4 millionÖ. Over 34k per acre. It was not zoned for development and was bought by a neighboring farmer whoís son plans to farm it and milk cows. Just crazy times

Re: Price of farms [Re: Pafoxman] #7377654
10/12/21 05:14 PM
10/12/21 05:14 PM
Joined: Dec 2006
Posts: 14,702
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
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G

Joined: Dec 2006
Posts: 14,702
Sandhills Nebraska
Folks coming from the city that have had good Gubmint jobs all their lives and have an unconscious retirement account. Money means nothing to them. They know it's time to get out of the city and they have the $ to pay whatever it takes.


I know I'm paranoid......but am I paranoid ENOUGH???
Re: Price of farms [Re: Pafoxman] #7377656
10/12/21 05:18 PM
10/12/21 05:18 PM
Joined: Jan 2007
Posts: 2,488
S.E. Ohio
M
M.Magis Offline
trapper
M.Magis  Offline
trapper
M

Joined: Jan 2007
Posts: 2,488
S.E. Ohio
He didnít get a $4.5 million loan for a little dairy farm. There must be more plans in the works.

Re: Price of farms [Re: Pafoxman] #7377657
10/12/21 05:18 PM
10/12/21 05:18 PM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
trapper
K

Joined: May 2011
Posts: 1,138
Kansas
Some neighboring farmers are willing to pay crazy prices for land if they can access it by simply opening a gate.

Re: Price of farms [Re: Pafoxman] #7377659
10/12/21 05:19 PM
10/12/21 05:19 PM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
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K

Joined: May 2011
Posts: 1,138
Kansas
Not everyone buys land with loans.

Re: Price of farms [Re: Pafoxman] #7377660
10/12/21 05:21 PM
10/12/21 05:21 PM
Joined: Dec 2006
Posts: 14,702
Sandhills Nebraska
G
Gary Benson Offline
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Gary Benson  Offline
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G

Joined: Dec 2006
Posts: 14,702
Sandhills Nebraska
My Sister's father-in-law has bought everything he can get so his 3 Grandsons will be able to farm. Including the highest $ ever paid for land in that county. That was several years ago though so that's history at this time.

Last edited by Gary Benson; 10/12/21 05:22 PM.

I know I'm paranoid......but am I paranoid ENOUGH???
Re: Price of farms [Re: Pafoxman] #7377661
10/12/21 05:25 PM
10/12/21 05:25 PM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
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K

Joined: May 2011
Posts: 1,138
Kansas
There is a world of difference between a population of 200 million and 330 million and growing. Land is like everything else, when demand goes up, so does price.

Re: Price of farms [Re: Kansas Cat] #7377665
10/12/21 05:40 PM
10/12/21 05:40 PM
Joined: Dec 2017
Posts: 4,643
Kansas
Pawnee Offline
trapper
Pawnee  Offline
trapper

Joined: Dec 2017
Posts: 4,643
Kansas
Originally Posted by Kansas Cat
Not everyone buys land with loans.


I know a farmer/rancher that has over 80 quarters and couldnít get GM financing because he didnít have any credit history crazy thatís very hard to do out this way raising wheat and grazing momma cows


Everything the left touches it destroys
Re: Price of farms [Re: Pafoxman] #7377669
10/12/21 05:48 PM
10/12/21 05:48 PM
Joined: Dec 2006
Posts: 17,472
St. Louis Co, Mo
B
BigBob Offline
trapper
BigBob  Offline
trapper
B

Joined: Dec 2006
Posts: 17,472
St. Louis Co, Mo
"Buy land, they ain't making any more of it!" Will Rogers


Every kid needs a Dog and a Curmudgeon.

Remember Bowe Bergdahl, the traitor.

Beware! Jill Pudlewski, Ron Oates and Keven Begesse are liars and thiefs!
Re: Price of farms [Re: Pafoxman] #7377677
10/12/21 06:01 PM
10/12/21 06:01 PM
Joined: Mar 2012
Posts: 3,490
AK
W
white dog Offline
trapper
white dog  Offline
trapper
W

Joined: Mar 2012
Posts: 3,490
AK
Absolutely not Kid friendly. Read the rules above^^^

Last edited by 330-Trapper; 10/12/21 09:07 PM.



Re: Price of farms [Re: Pafoxman] #7377756
10/12/21 07:50 PM
10/12/21 07:50 PM
Joined: Jan 2015
Posts: 1,435
Johnston County, NC
J
JOCO1995 Offline
trapper
JOCO1995  Offline
trapper
J

Joined: Jan 2015
Posts: 1,435
Johnston County, NC
The land grows houses here, all the farms are going to subdivisions. Lucky to live on the homeplace, but it's getting crowded around here.

Re: Price of farms [Re: Gary Benson] #7377778
10/12/21 08:05 PM
10/12/21 08:05 PM
Joined: Nov 2012
Posts: 508
midland, michigan
M
midlander Offline
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midlander  Offline
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M

Joined: Nov 2012
Posts: 508
midland, michigan
Originally Posted by Gary Benson
Folks coming from the city that have had good Gubmint jobs all their lives and have an unconscious retirement account. Money means nothing to them. They know it's time to get out of the city and they have the $ to pay whatever it takes.

As the OP stated, its not just the city folk, its other farmers. Thats how it is around here for sure.... dairy farmers have a lot of subsidy monies to spend.
Anytime somebody on here mentions the logic of buying land, there are a few (usually the same ones) that will try and tell you how foolish it is to buy land...my opinion is you better buy it while you still can

Re: Price of farms [Re: Gary Benson] #7377804
10/12/21 08:33 PM
10/12/21 08:33 PM
Joined: Feb 2014
Posts: 8,273
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 8,273
Ky
Originally Posted by Gary Benson
Folks coming from the city that have had good Gubmint jobs all their lives and have an unconscious retirement account. Money means nothing to them. They know it's time to get out of the city and they have the $ to pay whatever it takes.

Plus they sell a small rinky dink home for 4-500,000 and buy best land around.

Re: Price of farms [Re: Pafoxman] #7377846
10/12/21 09:38 PM
10/12/21 09:38 PM
Joined: Jan 2014
Posts: 1,603
NW MO
T
TurkeyTime Offline
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TurkeyTime  Offline
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T

Joined: Jan 2014
Posts: 1,603
NW MO
Very few people look back and regret buying land.

Re: Price of farms [Re: TurkeyTime] #7377865
10/12/21 10:15 PM
10/12/21 10:15 PM
Joined: Dec 2006
Posts: 8,971
East-Central Wisconsin
B
bblwi Offline
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bblwi  Offline
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Joined: Dec 2006
Posts: 8,971
East-Central Wisconsin
If a person had the money to buy a 4.4 million dollar farm and they planned to farm that farm then the return to the investment would probably be more than anything out there in a low risk investment portfolio, plus it can provide a living or partial living for a family.

Bryce

Re: Price of farms [Re: bblwi] #7377930
10/13/21 04:59 AM
10/13/21 04:59 AM
Joined: Jan 2018
Posts: 2,628
MN
D
Donnersurvivor Offline
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Donnersurvivor  Offline
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D

Joined: Jan 2018
Posts: 2,628
MN
Originally Posted by bblwi
If a person had the money to buy a 4.4 million dollar farm and they planned to farm that farm then the return to the investment would probably be more than anything out there in a low risk investment portfolio, plus it can provide a living or partial living for a family.

Bryce

Spend 4.4 million to buy yourself a full time job?

Re: Price of farms [Re: JOCO1995] #7377966
10/13/21 06:25 AM
10/13/21 06:25 AM
Joined: Dec 2014
Posts: 1,226
Tug Hill, NY
S
Squash Offline
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Squash  Offline
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S

Joined: Dec 2014
Posts: 1,226
Tug Hill, NY
Originally Posted by JOCO1995
The land grows houses here, all the farms are going to subdivisions. Lucky to live on the homeplace, but it's getting crowded around here.


In my area itís any timberland with road frontage on or near trail systems thatís getting developed. Snowmobilerís and ATVíers building cabins.
Itís so lucrative selling to these groups,
Many developers now donít even consider timber value.

Re: Price of farms [Re: Pafoxman] #7377971
10/13/21 06:34 AM
10/13/21 06:34 AM
Joined: Dec 2006
Posts: 14,702
Sandhills Nebraska
G
Gary Benson Offline
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Gary Benson  Offline
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G

Joined: Dec 2006
Posts: 14,702
Sandhills Nebraska
In Florida they start hauling sand in and dumping it in a swampy and just keep at it until they have a solid base to build on. Then 40 years later the building collapses.
They just did that between Tampa and Orlando to put in new interstate off/on ramps. They have enough pull to get a permit from the DEQ/EPA.


I know I'm paranoid......but am I paranoid ENOUGH???
Re: Price of farms [Re: Kansas Cat] #7378005
10/13/21 07:28 AM
10/13/21 07:28 AM
Joined: Jan 2007
Posts: 2,488
S.E. Ohio
M
M.Magis Offline
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M.Magis  Offline
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M

Joined: Jan 2007
Posts: 2,488
S.E. Ohio
Originally Posted by Kansas Cat
Not everyone buys land with loans.

Do you really think a dairy farmers son, who also plans to milk, has $4.5 million sitting in the bank?

Re: Price of farms [Re: Pafoxman] #7378008
10/13/21 07:40 AM
10/13/21 07:40 AM
Joined: Nov 2015
Posts: 1,191
Oscoda, Michigan
J
John-Chagnon Offline
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John-Chagnon  Offline
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J

Joined: Nov 2015
Posts: 1,191
Oscoda, Michigan
You can only keep the amount of land that you can afford to pay taxes on...

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