i couldnt buy land and all the equipment to get started from scratch and see a profit in my lifetime. no way possible. but if you already own the land and its paid for and all the equipment and you inherit it then your are sitting on a gold mine.

how about you tell us how many acres you own. tell us what the average price farm land sells for around you. lets see how poor you are.

Love the song Buy Dirt.
My brother and I rolled the dice, almost went bankrupt and he almost divorced. We bought land in the mid 80's, (should have bought more). 17-21 percent interest rates then. Wish we had bought more but we have what we have and it is worth more than we ever dreamed of, but we are "land poor". We love our dirt and it means so much to us, we will not sell. Land is more than dollars to many of us.

Around here property tax is 4-5 times higher for ground that is not designated ag use.

I am somewhat old, but I remember many government programs that were meant to increase the price of farm commodities, hence food.

Any program paid for with taxes increases the price of food. They keep raise taxes and add what we pay them on. They say farmers have a strong lobby, that means enough money to bribe to get bills passed.

Interesting read. Like all "temporary" programs and taxes, they never go away and just get bigger.

I do believe if a landowner gets subsidies, animal control tags, etc. the land should be open to the public for hunting, trapping, or fishing.

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Here valuation is based off of CSR2 and is slow to raise, the piece that isn’t farmed may actually have a higher CSR2, I just went though a similar situation, so the valuation would be higher, the taxation rate is set by the supervisor’s, the machinery comment I think you meant sales tax which was removed, I believe in the 80’s, to promote sales and try to drive the ag manufacturing sector I can see this ending relatively soon.

Here you go ive got a 56x28 ranch style house with a 36x28 garage built in 2007 on 5 acres.my neighbor has a older 2 story house that has been completely gutted and remodeled inside and out a 50x 28 garage that's only 7 years old 3 grain bins a 120x60ft machine shed brand new tin within the last 5 years a 60x 80 cattle shed new within the last 10 years a couple older outbuildings still in very good condition plus a 100 acres his assessed value is only 27,000 more then mine hes got 95 more acres then me worrh at least 8,000 a acre on the low side.take 95 x 8,000is 760,000 not including the buildings and house.Farmland gets taxed a (This word is unacceptable on Trapperman) of alot cheaper at least here in Illinois. [/quote]

As I pointed out in my prior post valuation is slow to increase, here homes are based on square feet and floors, remolding a home doesn’t change much, same with out buildings age dictates a lot on value also if there’s concrete in the shed.

Why?

As I pointed out in my prior post valuation is slow to increase, here homes are based on square feet and floors, remolding a home doesn’t change much, same with out buildings age dictates a lot on value also if there’s concrete in the shed.[/quote]
Valuation gets changed every 4 years here when the tax assessor comes around and inspects the property for any improvements plus they go off of similar sales of land in previous years to assess yours.he bought that farm for 400,000 back in 2008 remodeled the house put new tin on the machine shed built the garage and cattle shed after he bought it .my house is 18 years old and my taxes keep going up so by your response my taxes should go down because my house is getting older doesn't work that way .

Unless the taxation rate is going up the valuation should go down as your house ages, it will reach a point of leveling off, here they come around every year look to make sure you haven’t added something.

The land we/I own won’t be sold , at least god willing under my watch. So it will not translate to cash. Hopefully never will for generations to come. We work the land, and enjoy a lifestyle of grain farming. Our family has worked hard for what we have. We have enjoyed our every inch of our property, hunting trapping fishing camping, four generations of avid outdoorsman. No, we’re not poor. We (my family) are rich in a way that we love what we do and try to enjoy every day in some way. Cash rich ?! - absolutely not.

I’ll leave it at that, and if you have further questions or comments, shoot me a pm.

John

Average assessed value of open ground is around $4350.00 but actual selling price is over 13000.00 per acre, yea that seems fair. Most on here know farmers get many carve outs. If subsidies ended most farmers would go broke, most know that also.

Back in the 70s before subsidies every small farmer had dairy,hogs,beef,sheep if prices fell off on one you had something else to fall back on.most farmers now either totally grain farm or a combo of beef and grain times have changed.

What was the Soil Bank act in 1956 ?

Ranchers in the west get cheap per head grazing rights to public land. The public can use it also with regs about closing gates not injuring livestock etc. IMO subsidized farm ground should be the same thing. If the public must help pay the bills its only right.