Can any of you look into your magic 8 ball and give me your predictions on what land prices will do for the next 12 months? Farmland and recreational.

Houses have started to come down, is land to follow?

I know nothing about either but do watch what's going on. My best guess is housing will come down before land.
A parcel just east of Falls City NE sold for $27,500 per acre a couple weeks ago. Losing bidder is/was a Herbster, a politician from Nebraska.
Two days ago south of Auburn a parcel brought $8100/acre. Obviously land is a solid asset as long as taxes can be paid.

Well its only come down because the cost to borrow is so high, not really the lack of demand per say, so maybe stay about the same. I dont really see any type of change in 12 months IMO.

Maybe just a little if someone wants a quick sell.. I have seen housing prices go up and down quit a bit. But It seems land hold steady and trends up. But that's just my limited prospective. Honestly I have no idea.

I'm guessing your trying to decide to buy now or hold off a bit.

A nephew's wife and her brother inherited a 40 acre parcel on the edge of a little town 75 miles from Lincoln and Omaha. A neighboring landowner has always wanted it. They told her $10k/acre or they would list it. She offered them $5k per acre and they sold it for that. Nephew is/was livid but they won't listen and don't want his advice. Greed and the idea of fast money got the best of them. Nothing like leaving 200k on the table plus inheritance tax. It would have easily brought 10k sight unseen. Unreal.

Sounds like he married the wrong woman. Any woman that won't listen to her husband is not wife material. If that husband does not listen to and provide for his wife's needs he is not husband material.

Sad listing it and holding it for a while would have cost them nothing the neighbor would still want in in a year. Yet thay could have doubled their money.

Yes, and she stands to inherit very well from her Mother. A single child to boot.

To many factors involved to give insight. The crystal ball is to fuzzy without some help clearing it. In other words offer more details.

Land prices are stable here. High but stable.

I will never sell (and will haunt my children from the grave if they OR THEIR SPOUSES sell) but am always interested in buying out neighbors. I would therefore like to see a big drop.

Does farmland track commodity prices?

I will predict, land prices will be somewhat stable over the next year. If you are looking to buy, I wouldn't wait, if you have the funding.

We're looking to buy tillabile or pasture. Bank wants 30% down at a minimum which we have but we could not cash buy the whole property.

Yes, no, kind of. Here it's tracked housing more than anything because someone will pay 400k for a 40 to throw a house on. I'm looking roughly up to an hour away to get something more reasonable.

one day at a time higher gas prices more drought everything that makes the dollar worth less if things keep going like they are and even worse yes they will get cheaper but still high if your dollar is worth less

10 years ago if you told me coon would have no value i would have laughed at you

Land appears to be one of the best assets to have. I would buy as much as I could afford. It appears to slowly gain traction over time. I am constantly watching ground myself.

Residential real estate is softening, but recreational/hunting land will stay high and is still selling like hot cakes.

In western Iowa some sold for 30,000$ an acres, 2 million some total for the land

You can not pay too much for land, you can just buy it too soon.

Paying $10,000 an acre with a 7% interest loan is not something I can do. For the land to make sense it must make CENTS, I'm not going to farm myself into the poor house and make my wife go through that stress, I've saw it to many times.

If I can find something priced reasonably I'll buy it, if not I'll invest elsewhere.