deerdown
Well-Known Member
Prices softening as expected?
Wow Just Wow....... Land Prices
- Thread starter Trapshooter1
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jflournoy
Active Member
I'm in Lucas County and I thought something in the high 4's to maybe 5 would be what this one went for per acre. I was very surprised to learn $7,100/acre. I was told it was purchased by someone wealthy who already had a massive hunting landholding very nearby, and was bidding against an Amish buyer, as that land is on the north side of the Amish community on the south side of Chariton. So they bid the price up till someone said uncle.
Good fortune by seller
jflournoy
Active Member
Absolutely right on that one!
tall@wide
PMA Member
One of the things I did in Illinois was to buy land near large, wealthy landowners. The large landowner will eventually want your farm or it will raise the price for other buyers wanting to be next to a large highly managed piece. You get top $ when selling.
deerdown
Well-Known Member
The squeeze is on.......
My tenant who farms 4000a in Northern Mo call me yesterday wanting to know if I was still in the market for a SS. He's selling his to shed some debt and tighten his belt due to last years losses and what 2025 looks like.
I'm really struggling to understand his comment that he lost money last year when he had his best ever yields. I guess it depends on how you determine your loss. i.e. If you paid down 200k in debt, but your bank account balance is $50k less, did you lose money? Some would say yes..... Not sure that's his situation but don't understand how you lose money with record farm yields....
There's a nearby land auction coming up in Nov. I'll be very curious what it brings. It's bottom ground for the most part.
Recently bottom ground in the area would bring $9-10k/a. I'm curious if it comes close to that.
My tenant who farms 4000a in Northern Mo call me yesterday wanting to know if I was still in the market for a SS. He's selling his to shed some debt and tighten his belt due to last years losses and what 2025 looks like.
I'm really struggling to understand his comment that he lost money last year when he had his best ever yields. I guess it depends on how you determine your loss. i.e. If you paid down 200k in debt, but your bank account balance is $50k less, did you lose money? Some would say yes..... Not sure that's his situation but don't understand how you lose money with record farm yields....
There's a nearby land auction coming up in Nov. I'll be very curious what it brings. It's bottom ground for the most part.
Recently bottom ground in the area would bring $9-10k/a. I'm curious if it comes close to that.
Ss?
Hardwood11
It is going to be a good fall!
Ask him if he will sell you some of his land!
