I could double or triple my money on my farm and have thought about it and moving somewhere with a lot less people. Then I price land in those states and change my mind.

What else besides ammo can you invest in that won't loose value?

Myself. I'll buy more equipment and expand my business or create new ones. I had enough to buy a good chunk of land but had to restart after I was divorced now I would have to finance some of the land and at 7%+ that's something to seriously factor in.

I recently sold mine for about $110,000 per acre. That, assuming it actually goes through.

It is for development, and "an offer you can't refuse".

On the one hand I would like to stay rather than sell.

On the other hand, I ain't so sure I would get along with 600 new property owners squeezing me from two sides.

Here in southeast kansas deer hunting ground is selling for more than farm ground. Last month 78 acres 5000 per acres. Farm ground 2500 per acre.Out of state deer hunters from everywhere are driving this price up.

where you relocating to?

Same in SE Nebraska Len. Normally useless tree-covered hilly rocky land selling for big bucks for hunting big bucks.

I think tillable farm land will go up still. Many of the farmers by me are tearing out fence rows, pushing wood lot edges back and running tiles in ditches and filling them in, to gain more land for crops. Crop prices are high and likely to go higher driving farm land prices up.

Keith

My take, and I'm no expert although I have a successful radio show with poor ratings lol. The only way land prices will come down is if the bottom falls completely out like the great depression. Other than that, if you don't already have land or can't afford it now you better find Robinhood and join the merry men.

How many acres was it. That's the driving force behind some large amounts per acre.

Talked to a very wealthy guy I know just this week. He owns several large businesses and a LOT of land. He said the first or second quarter of 2023 is going to be about like 2008. He said he's ready for it.

2021 - $500,000 @ 3% x 20 years = $2,772/month
2022 - $500,000 @ 7% x 20 years = $3,876/month, or difference of $1,104 per month, or $264,960 over the course of the loan.

ol' dad

100+ year trend line for ag land is real close to a 6% annual increase trend line. There have been periods when actuals are above or below the 6% trendline. I think the last few years with low interest have pushed us above the trend so my QUESS is we will se a few years of stable or slightly lower prices with no major shifts. Unless The present administration pulls a Jimmy Carter and pushes interest rate to the teens. Then we will see another major correction, I think the late 70's early 80's seen some land prices drop close to 50%. U of Mo has a good article on land price trends. If your serious look up this article.

Too early to tell. The window for closing has a one year window from June 2023-May 2024. The only places ruled out are Hennepin County, MN, and according to the old lady, anyplace that don't talk American.

It might be thought of as acres today, but it is already on paper as lots within a city block

Stable to increasing. Too many people with cash, don't care about a return, any return is fine, will pay more than a return brings.

Friend of mine, his son is high up in an ag lending bank. He says interest is going to 15 by end of 2023. If that is accurate, things will slow down but there is a ton of cash out there. There have been a couple "no sales" out here, which was common in the 1980's, but uncommon know. Is this the beginning?

Imo, yes. But I'm not like some on here that are worldly smart. I know my neck of the woods and 2008 wasn't a bump in land prices, the housing market yes. 1981 or so didn't come close to 1929. The recession in 81 made things uncomfortable, I know my family had to adjust. I personally think we are headed for worse than 29 and I hope I'm wrong and there's a good chance of that lol. I hope some of the in the know, heavy hitters in finance chime in.

Here in Ohio land is priced at $10,000 per acre.
Land with special or unique features costs more.
A house and buildings adds to the cost.
Outrageous!

I priced a small piece of mine last month for $50K/ac

Really hoping I didn't price it too low.
But it has been long enough that I can tell them I am no longer interested in selling

My son told someone the other day, "we don't sell land or guns"

I have probably bought everything around me that I ever will but if I can make numbers work I would buy more

I’m an appraiser by profession. Around here rec and farm ground will likely see little, if any, decrease. The owners with land to sell, don’t have to. They can ask whatever and just hold it if they don’t get their price. Residential land could see a decrease. Individuals or smaller developers who were hoping to build but can’t now that interest rates are up, and they also can’t hold on for the rates to come back down. Just my guesses though

Iowa set a per acre record a month ago, and then topped it again this month. 26250 and 30k per acre. GRANTED we have some of the best farmground in the world, but I think its insane. BOTH were like less than 80 acre fields. Probably just 2 ole boy farmers showing off to one another