This is where I’m at…buy what I have cash for (and even then I gotta feel the price is right). If I know for sure it’s a bargain or it’s a cash flowing investment property that I’m using as an investment vehicle to later 1031 into land I wouldn’t mind using leverage.
The biggest risks are the things none of us can see coming. It's hard to forecast surprises.
I'm not sure I'm convinced an actual correction will happen in the sense that prices will drop precipitously but it definitely could happen. I do tend believe things are out of balance at the moment...
Here’s where I struggle a bit. Back in August 2011 I considered rates/prices a pretty fair deal (though I was in no position to purchase at that moment in my life). And I’m not talking about the current me considering them a fair deal. I’m talking about the 2011 me thinking prices were fair.
I...
Totally understand where you are coming from. We have more household income than I ever dreamed and I can't say i'm priced out of a $570K property by any means. However, if I'm going to tie up that kind of cashflow towards a land payment. I gotta feel like I'm getting good value for my money and...
Not extra money…compensation comes from the market and the market knows about the year to year losses from wildlife…markets are great at pricing in knowns. It’s the unknowns that the market can’t always adequately compensate for and that’s why those markets have so much volatility.
I get that...
I figured I might strike a nerve with someone on that comment. I totally agree that farmers are the ones actually feeding the deer…no disagreement there.
Commodities markets are very volatile and certainly the degree of efficiency in that market at any one time is very variable.
However, yield...
Hmm…well I don’t know how much simpler to break down my reasoning for you.
I mean, I see your line of reasoning from the one post. Wasn’t too hard for me to understand.
Reasonable minds can disagree but if you don’t understand the line of reasoning not sure what more I can offer that would...
I never said anything about me getting anything from the landowner...and what I do get... I pay a premium for...and then I'm also the one feeding the deer with food plots.
1. Referring to large landowners because small landowners definitely don't need the extra tag for management purposes if...
I'm a big fan of 1 buck limit period...not a fan of special deals for landowners. Plenty of ways to manage the herd on large plots of land if that's part of the concern.
It was rough on my Ringgold 240 this year. All but one mature buck completely dropped off the map between Sept 15th and Nov 15th. No new ones showed up like previous years. Only one left right now. All the 3.5 year olds…gone. Polk County 240 has a decent population but not overpopulated by any...
I’m in the stand somewhere between :30 minutes and 1 hour before shooting light. More times than not it’s closer to the :30…because my bed is just so comfortable.
Here’s my thinking. Personally I do the leases because the math works out better (at least while I wait for some sanity to return to the land market) the nearly $3M (conservatively…probably more like $4-5M) it’d take me to buy those properties would require at least a $750K down payment. That...
I’ve definitely seen $31 per acre. I lease two 240 acre farms averaging out to about $27 per acre. But across that 480 acres there’s 200 of CRP, 150 of timber, and 130 in row crops (one of these farms closer to Des Moines which usually brings a premium). I just can’t recall seeing a property go...
What’s pretty wild is that so many lease properties don’t hold anything too special that you can’t find on public…or on leases cheaper than that…granted perhaps the person leasing knows of a giant there. Or perhaps, they hope to build it up due to its potential of holding and keeping them safe...
I know what you mean. I’ve definitely seen $50 per acre. I think what shocked me on this one is that if you consider the actual cover that could hold deer it went for $127+ an acre.
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