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Re: Land price predictions? [Re: Donnersurvivor] #7871030
05/24/23 11:00 AM
05/24/23 11:00 AM
Joined: Dec 2012
Posts: 2,190
NC - Here there and everywhere
C
coondagger2 Offline
"Brat"
coondagger2  Offline
"Brat"
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Joined: Dec 2012
Posts: 2,190
NC - Here there and everywhere
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


Gotta live up to the nickname...
Re: Land price predictions? [Re: Donnersurvivor] #7871122
05/24/23 02:04 PM
05/24/23 02:04 PM
Joined: Dec 2013
Posts: 14,942
Greene County,Virginia
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Joined: Dec 2013
Posts: 14,942
Greene County,Virginia
I don't see land prices softening much. If you can afford property taxes and other related expenses, you should buy land.


wanna be goat farmer.
Re: Land price predictions? [Re: Gary Benson] #7871123
05/24/23 02:05 PM
05/24/23 02:05 PM
Joined: Dec 2013
Posts: 14,942
Greene County,Virginia
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Joined: Dec 2013
Posts: 14,942
Greene County,Virginia
Originally Posted by Gary Benson
A $16 mil ranch in the Sandhills near Hyannis went on the market a month ago and is under contract. Not local ad not Ted Turner. Agent said you'll be surprised who bought it.

DJT?


wanna be goat farmer.
Re: Land price predictions? [Re: Donnersurvivor] #7871134
05/24/23 03:02 PM
05/24/23 03:02 PM
Joined: Jan 2014
Posts: 358
new york
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buster916 Offline
trapper
buster916  Offline
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Joined: Jan 2014
Posts: 358
new york
watch lotta midwest farmland auctions a lot of them are trust owned makes me wonder are the young generation cashing in

Re: Land price predictions? [Re: buster916] #7871178
05/24/23 04:59 PM
05/24/23 04:59 PM
Joined: Dec 2006
Posts: 11,475
East-Central Wisconsin
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bblwi Offline
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Joined: Dec 2006
Posts: 11,475
East-Central Wisconsin
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

Re: Land price predictions? [Re: Donnersurvivor] #7871248
05/24/23 07:28 PM
05/24/23 07:28 PM
Joined: Jan 2014
Posts: 358
new york
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buster916 Offline
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buster916  Offline
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Joined: Jan 2014
Posts: 358
new york
thanks bryce

Re: Land price predictions? [Re: Kevin Stake] #7871260
05/24/23 07:43 PM
05/24/23 07:43 PM
Joined: Mar 2013
Posts: 643
Brazil Indiana
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harrison72 Offline
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Joined: Mar 2013
Posts: 643
Brazil Indiana
Originally Posted by Kevin Stake
Still 11,000 a acre here for tillable ground.

Same here in central Indiana.

Re: Land price predictions? [Re: Donnersurvivor] #7871281
05/24/23 08:19 PM
05/24/23 08:19 PM
Joined: Jan 2014
Posts: 358
new york
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buster916 Offline
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buster916  Offline
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Joined: Jan 2014
Posts: 358
new york
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

Re: Land price predictions? [Re: Donnersurvivor] #7871598
05/25/23 10:42 AM
05/25/23 10:42 AM
Joined: Nov 2010
Posts: 584
Iowa
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beeman Offline
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Joined: Nov 2010
Posts: 584
Iowa
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.

Last edited by beeman; 05/25/23 11:00 AM.
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