Lots of small tracks of land, 10 acres or less, are selling every day here for 20k per acre. 30k is not uncommon. They split the land up across from my grandmother's house into 5 lots that are 3 acres each. They sold each 3 acre lot for $150,000. This is 20 minutes from a grocery store on a road that doesn't even have lines painted on it. Not a development or waterfront property, just standard country land.

5 years ago this land would have all sold for 10k per acre

I don't see land prices softening much. If you can afford property taxes and other related expenses, you should buy land.

DJT?

watch lotta midwest farmland auctions a lot of them are trust owned makes me wonder are the young generation cashing in

The real benefit of setting up a trust fund for heirs is there can be income to support the parents as needed and one can minimize elder care taking of assets and if you have a large parcel that has been owned for a long time the land can be rented to crop producers and the heirs can receive income and no taxess to pay. They can continue this after the death of the owners and get a stepped up basis if they set up the ownership and transfers appropriately.

Bryce

thanks bryce

Same here in central Indiana.

7k here in central NY but none really for sale if a block comes up im guessing 3-4 dairy's will run crop ground up to 10k

In my area we have an egg producer that he and his family either purchase land or bid the price up every time a parcel comes up for sale within 30+ miles of his egg factory.

There is also an outfit I am told from Arkansas that is a big purchaser of farm land in our area.

There is also a hog producer from Minnesota that is always trying to purchase another parcel of land to expand their operation.

Between those and a few rich farmers they keep the price of ground in our area $14,000 an acre or more.