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I do 100% agree with what you say about long-term investment, I also agree with it being smart to diversify. I actually don’t believe in market timing for a diversified, long-term portfolio. Price still matters in this case but not quite as much. Unless you are buying the land to hold for 20+...

Absolutely….but then, I’m personally a big believer in human ingenuity, America, and the power of capitalism. Bottom line I believe the population will be larger (barring something catastrophic) people will still be buying and selling goods, advances in technology will make things more...

Stock market just hit all time highs. They aren't backing out. Land is typically a non-correlated asset to the stock market so the super rich use farmland as a diversifier. The stock market is the greatest wealth generating machine of all time and still will be 100 years from now...but the ride...

At this moment it's really hard to beat a risk free rate of 5.5% on cash. I'll gladly take that while I keep the powder dry for the right opportunity in the land market.

If one is a first time land buyer hoping to move into larger, and larger acreage over time with equity built up in a property....price matters...and even more so when leverage is applied. I'm not anti-long term land investment but I am anti-expensive. Basic economics would suggest low inventory...

Thank you! I’ll give that a shot this year. I started with just gly for a burn down which is what led to the issue. I quickly got on them with a 2,4-D/gly mix and that killed some and seemed to stunt the growth of most. I’d like to kill most this year.

This year I did three sprayings on a brand new plot. On the the third I broadcasted, rolled and sprayed. Added plot start when planting and plot boost a few weeks later. Worked great except I did end up in a battle with Marestail after the first sprayings (which is what led to three sprayings...

Out of the commercialized stuff this is the best I have found when it comes to providing them what they need.

Thank you Skip! I look forward to hearing from you at the Gala in March.

I agree…Asking prices are definitely high in many instances. I should have clarified that I’m referring to sales prices. I’m not sure how many days of inventory are currently on the market or how it compares to historical norms but it’d be interesting to see.

I do believe not being as liquid is one great benefit of real estate. Great points on why it's going to be tough for supply of Iowa rec ground to ever really meet the demand. There'd have to be some kind of shift in dynamics within the hunting community or something that shook us economically.

Thanks. Great advice for sure. When I've made bigger leveraged purchases before (houses) I don't know that I've ever felt it was overpriced (I do feel like houses are overpriced today due to the same market dynamics) but there was certainly always just a little sense of not being fully...

Thanks! Agree on the bargain comment. The only metric I have to call something a bargain today is how far below market it's priced...and I know there aren't many of those deals out there with how efficient the land market is these days. I do like your idea of finding the right small property...

I agree with you it's subjective. If I'm borrowing at current rates a bargain to me would be a property 20% under market price. If the rates were lower I'd consider a smaller margin to be a bargain. I do believe the land market is as efficient as it's ever been and no doubt the pricing is lined...

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...

Thanks for feeding our nation and the world!

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...