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Land prices #7546556
04/02/22 09:54 AM
04/02/22 09:54 AM
Joined: Jan 2014
Posts: 1,670
NW MO
T
TurkeyTime Offline OP
trapper
TurkeyTime  Offline OP
trapper
T

Joined: Jan 2014
Posts: 1,670
NW MO
What are land prices doing in your area? Around here they have gone up a solid 33% in the last 1.5 years and close to doubling from Jan 2020. Grain prices will go down. I believe most buyers care little to nothing about return. My Grandpa used to say in the 40's and 50's land needed to pay for itself in 3-5 years because that was the longest any bank would give a loan for. I am grateful for what my family has. I believe around here the days of an average Joe buying a place are over. Too many city people with money or big farmers.

Re: Land prices [Re: TurkeyTime] #7546562
04/02/22 10:02 AM
04/02/22 10:02 AM
Joined: Jan 2018
Posts: 3,036
MN
D
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper
D

Joined: Jan 2018
Posts: 3,036
MN
It's unaffordium here of you can even find it. We have sub optimal ground and it's over 5k an acre. No one cares about returns on farming they just invest in the land itself.

Re: Land prices [Re: TurkeyTime] #7546563
04/02/22 10:02 AM
04/02/22 10:02 AM
Joined: Feb 2014
Posts: 9,662
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 9,662
Ky
They have gone crazy here. Some places tripled. Too much make believe money from stock market . Biggest thing driving prices are hedge funds and money managers buying up real estate , then renting or leasing. ENTIRE subdivisions are being bought then rented out. Big story of last week about how neighborhoods are being destroyed. The property owners don't vet the renters. Drug lords and gangs are renting and using them for stash houses. It's just another nail in the coffin the dems have provided with the free money they keep throwing out.

https://www.wptv.com/money/real-est...squeezed-by-investment-firms-hedge-funds

https://nypost.com/2020/07/18/corporations-are-buying-houses-robbing-families-of-american-dream/

Re: Land prices [Re: TurkeyTime] #7546572
04/02/22 10:11 AM
04/02/22 10:11 AM
Joined: Mar 2018
Posts: 368
SW MISSOURI
R
Rockfarmer Offline
trapper
Rockfarmer  Offline
trapper
R

Joined: Mar 2018
Posts: 368
SW MISSOURI
About $3500 - 4000 an acre for pasture / timber around here. Lots more for crop ground


www.nationwidecartparts.com
3rd Infantry Division
1st Infantry Division
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Re: Land prices [Re: TurkeyTime] #7546582
04/02/22 10:23 AM
04/02/22 10:23 AM
Joined: Feb 2017
Posts: 1,482
Priest River, Idaho USA
S
SundanceMtnMan Offline
trapper
SundanceMtnMan  Offline
trapper
S

Joined: Feb 2017
Posts: 1,482
Priest River, Idaho USA
A friend just had a four acre piece he was giving to his daughter appraised at $387,000. You can't buy land or rent a place around here. It is because of people fleeing the cities,selling their houses there and coming here with a pocket full of cash. Our average wage is about $20 an hour, locals can't afford to buy or rent anymore. Fortunately we own ours free and clear.


"They Say Nothing is Impossible,
But, I Do Nothing Every Day."
Re: Land prices [Re: TurkeyTime] #7546585
04/02/22 10:27 AM
04/02/22 10:27 AM
Joined: Jan 2014
Posts: 1,670
NW MO
T
TurkeyTime Offline OP
trapper
TurkeyTime  Offline OP
trapper
T

Joined: Jan 2014
Posts: 1,670
NW MO
I never put prices in the original post. $4500-$5000 and it doesn't really even matter anymore if it is timber, brush, farmed, pasture. A year ago we bought a piece that joins us. From initial contact to deal was 5 months and the owner raised the price $300 per acre. Was slightly discouraging at the time but a real bargain now.

Re: Land prices [Re: TurkeyTime] #7546592
04/02/22 10:34 AM
04/02/22 10:34 AM
Joined: Dec 2006
Posts: 17,597
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 17,597
Sandhills Nebraska
Same in NE. A friend paid 85k for an old trailer house with a nice 3 car garage. He sold it 2 weeks later for 150k to a guy from Denver. More dollars than sense.


Life ain't supposed to be easy.
Re: Land prices [Re: TurkeyTime] #7546610
04/02/22 10:59 AM
04/02/22 10:59 AM
Joined: Feb 2010
Posts: 14,973
pa
H
hippie Offline
trapper
hippie  Offline
trapper
H

Joined: Feb 2010
Posts: 14,973
pa
SIL just had two lots appraised to settle an estate. Each lot was less than an acre with older house trailers on them, rentals.

187,000 each! shocked. I wouldn't even give the 87,000.

Re: Land prices [Re: TurkeyTime] #7546630
04/02/22 11:36 AM
04/02/22 11:36 AM
Joined: Dec 2006
Posts: 9,651
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 9,651
East-Central Wisconsin
When there are cash buyers, loans and interest rates don't matter at all. People with large amounts of cash and want to diversify their assets are not so worried about a big return. They want what they believe to be a stable investment that pays better than .5 to 1.5% like CDs, bonds etc. Sure the land values could drop but their believing that land is less volatile than the stock market or interest rates for that matter. Many are not looking to be flippers like the housing market. Most want to park their monies there for longer terms. If you put a few million in the stock market in the mid 90s and let it ride for 27 years you would have some real money to bid on land. Capital gain taxes at an all time low allows for a lower cost to sell as well.

Bryce

Re: Land prices [Re: TurkeyTime] #7546638
04/02/22 11:44 AM
04/02/22 11:44 AM
Joined: Feb 2014
Posts: 9,662
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 9,662
Ky
BUT if history repeats itself there will be a sad day coming. The cost of goods will eat up the extra money at some point and the world will correct. Might not be as bad as 08 but it will be close...

Re: Land prices [Re: TurkeyTime] #7546643
04/02/22 11:44 AM
04/02/22 11:44 AM
Joined: Sep 2015
Posts: 2,133
NW Illinois
K
Kevin Stake Offline
trapper
Kevin Stake  Offline
trapper
K

Joined: Sep 2015
Posts: 2,133
NW Illinois
80 acres with run down buildings went for $11,200 a acre a couple weeks ago. Local farmers bidding. I think they are crazy.


It is more blessed to give than to receive
Re: Land prices [Re: TurkeyTime] #7546663
04/02/22 12:07 PM
04/02/22 12:07 PM
Joined: Apr 2018
Posts: 510
NE KS
B
bowhunterks Offline
trapper
bowhunterks  Offline
trapper
B

Joined: Apr 2018
Posts: 510
NE KS
Lately around here land has be selling for 10 to 15 thousand per acre.

Re: Land prices [Re: TurkeyTime] #7546673
04/02/22 12:16 PM
04/02/22 12:16 PM
Joined: Aug 2012
Posts: 3,441
SE Minn
R
Rat Masterson Offline
trapper
Rat Masterson  Offline
trapper
R

Joined: Aug 2012
Posts: 3,441
SE Minn
Can't be farmers bidding up land, everybody knows they don't make any money.

Re: Land prices [Re: TurkeyTime] #7546731
04/02/22 01:06 PM
04/02/22 01:06 PM
Joined: May 2011
Posts: 12,695
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 12,695
Oakland, MS
It can still be found reasonable around here.

Here's 14 acres for $26,900 on the next road over from where we live.

https://www.landwatch.com/yalobusha-county-mississippi-timberland-property-for-sale/pid/412783719


~~Proud Ultra MAGA~~
Re: Land prices [Re: TurkeyTime] #7546736
04/02/22 01:11 PM
04/02/22 01:11 PM
Joined: Mar 2012
Posts: 4,248
AK
W
white dog Offline
trapper
white dog  Offline
trapper
W

Joined: Mar 2012
Posts: 4,248
AK
Iíll bet land is still pretty cheap in northern NY unless it qualifies for a reduced RE tax exemption.




Re: Land prices [Re: Rat Masterson] #7546742
04/02/22 01:17 PM
04/02/22 01:17 PM
Joined: Nov 2010
Posts: 486
Iowa
B
beeman Offline
trapper
beeman  Offline
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Joined: Nov 2010
Posts: 486
Iowa
Originally Posted by Rat Masterson
Can't be farmers bidding up land, everybody knows they don't make any money.


Who do you think stripped the car lots empty of new pickups? Who do you think buys new tractors, combines, planters? I hope your comment was sarcasm.

Re: Land prices [Re: TurkeyTime] #7546756
04/02/22 01:36 PM
04/02/22 01:36 PM
Joined: Jul 2017
Posts: 2,071
Ohio
W
Willy Firewood Offline
trapper
Willy Firewood  Offline
trapper
W

Joined: Jul 2017
Posts: 2,071
Ohio
In my area the old price held at $1,200 to $2,000 per acre. The current price is a minimum of $10,000 per acre. House, buildings, pond, stream, or any other improvements add to the cost. People list any possible feature including trail camera photos and add to the price. Recently three adjacent unimproved waterfront lots that totaled less than 1 acre in a private gated community sold for $750,000.

Based upon county politics it can be very difficult to get any break on real estate taxes based upon timber production land or agricultural use. Even if they grant it, they quickly remove claiming that the landowner needs to requalify. Is it right, no but they get away with it because nobody has yet sued them. Plus, they had an old guy who was there since land was invented who made up rules to cheat landowners. Thankfully he is no longer there. We reported them to the state auditor, state representatives, and state forestry department. All is good for the moment.

Re: Land prices [Re: TurkeyTime] #7546791
04/02/22 02:37 PM
04/02/22 02:37 PM
Joined: May 2010
Posts: 147
MN
C
ceelmo.trap Offline
trapper
ceelmo.trap  Offline
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C

Joined: May 2010
Posts: 147
MN
An Iowa radio station was saying that land values are up as much 33% and partly do to record crop prices. Those crop prices must be here to stay?

Re: Land prices [Re: beeman] #7546805
04/02/22 02:54 PM
04/02/22 02:54 PM
Joined: Feb 2014
Posts: 9,662
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 9,662
Ky
Originally Posted by beeman
Originally Posted by Rat Masterson
Can't be farmers bidding up land, everybody knows they don't make any money.


Who do you think stripped the car lots empty of new pickups? Who do you think buys new tractors, combines, planters? I hope your comment was sarcasm.


LOL your wrong on farmers getting all the trucks. Suburban soccer moms are the fastest growing people going to pick ups. No suv so pickups. Chevy same interior as the Tahoe.

You might be surprised how many farmers lease their combines and equipment. I think (not sure) a farmer can take the entire lease payment off his taxes but has to depreciate the purchase at a lower rate.

Last edited by jbyrd63; 04/02/22 02:56 PM.
Re: Land prices [Re: ceelmo.trap] #7546806
04/02/22 02:57 PM
04/02/22 02:57 PM
Joined: Feb 2014
Posts: 9,662
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 9,662
Ky
Originally Posted by ceelmo.trap
An Iowa radio station was saying that land values are up as much 33% and partly do to record crop prices. Those crop prices must be here to stay?


I'm surprised the land leases for crops hasn't gone up. 99.9% around here pay 150 bucks per.

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