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Yep. Also, if you already own a ton of acreage, paid off, and purchased at long-ago prices then the current math matters less when an opportunity to buy a neighbor farm might only come once in a lifetime. In those cases, they don't mind overpaying for a piece because all told the average price...

I enjoyed listening to Winke's video yesterday on buying a dream farm in today's market:

No eat the rich argument here. It's just an analysis of the data. I think it does appear the rich have gotten richer but Americans in general have gotten richer over the years. There's been a lot of upward mobility. As it relates to making a land purchase looks like the top 5% earner is cash...

Yeah... it's their disclosures in case AI produces something that hurts someone's feelings due to the prompts of the user.

https://claude.site/artifacts/a264c32b-3a9d-42e9-87d5-e9da1a248729 Link above is really interesting and I think it tells a compelling story (you have to slide sideways to see all the data). I took historical mortgage rates (all I could find that went back that far) and added a little bit to...

It's crazy to think of a day when someone wouldn't pay rent for tillable and just a few years later it's up to $70 per acre. Wild times! It can be such a big purchase for most that I can imagine some may never feel great about pulling the trigger with the way things pencil out at any single...

I think that’s why 2000 was so unique and why a lot of large recreational landowner’s today started out in that 1996 - early 2000s time frame. It was a golden age for it and they were very insightful to recognize how undervalued that land was and blessed to have the discretionary income that...

I’m for it…which is why as a consumer I choose to wait until valuations are realistic. The prices have been run up by government interference more so than capitalism.

Iowa State University Historical Average Country Farmland Values listed Decatur County Farmland as $6,286 per acre in 2023.

Return on Investment (Land Price Only) 1981 to 2000: -0.61% Annualized 1981 to 2023: 4.69% Annualized 2000 to 2023: 9.39% Annualized

Yep - I used the bls.gov CPI calculator to compare $25,000 in December 2023 to December 2000, and December 1981. I slightly rounded the dollars for 2000/1981 by $30- $40.

Considering that I might be comparing todays situation to a goldilocks period of undervalued land (no doubt it was) that we might never see again. I decided to compare it to a known historically difficult time to buy....1981. While edging close to todays situation a high income earner that was...

I ran some numbers today just to get an idea of what the reality of land buying is today vs 2000 for a high income earner. I rounded in some areas just to keep the number clean for below but I don't think it's enough to change the reality. Happy to have someone challenge something they think...

From their explanation I'm assuming one can just delete the app from their cell phone in hunting season and check from computer when not hunting? They did a horrible job "clarifying" and making it easier to understand.

Great event! We really appreciated hearing from you Skip. I know putting on something like this isn't easy so I'm truly thankful for all the work the entire team put into pulling this off. Proud to be a member of the DSC Iowa Sportsman's Club and after last night a lifetime member at that!

Great point - in just about any market it's good to be cautious when others are so euphoric. When you start hearing things like "won't/can't lose money" then it's a good sign that things might be a bit overheated.

Yeah- There’s a few land agents and attorney’s I see that seem to get really great deals semi-frequently then turn around and sell them. Seems questionable from an ethical standpoint to me. I hope they know many of us know who they are too. I definitely wouldn’t be doing business with them.

We may not see $4K again but we could see a crash of that magnitude. Say rec land prices are averaging $10K, it’s possible it could go back to $7K. The reason it’s so common for us to think that can’t happen is because we can’t see or know what would cause it to do that today. True risks aren’t...

Fully agree…key word there is “typically”…but it’s definitely not always. The differences in degree of rise and fall can really be a game changer to from a uncorrelated/diversifier standpoint. The real risks are the things we can’t see. Maybe there won’t be another Savings and Loan crisis but...

For those of us still in the accumulation phase of our lives we can only hope that will happen. For those in decumulation, they should be fine with the proper asset allocation.