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2022: Ringgold County 240 Acre Farm (CRP, Timber Strips, River): Had many bucks across all age groups that made it through the season and were on the farm the entire time. Page County 360 Acre Farm (170 in CRP and Timber Strips): Found two bucks from 2021 that were almost definitely EHD. Deer...

I don’t envy that job. It’s not an easy one to get right. He was definitely slow to act on inflation but I think he gave a good explanation in the speech on why he originally thought it’d be transitory. If he missed the landing here it’d likely be another case of being too slow vs too early.

The crazy thing with markets are we definitely never know what's going to happen in the short-term but in the long term we know they are likely to go up. I think the scenario you painted might very well happen. I definitely think short of something bad happening we can expect $5,500+ per acre...

Great assessments!

The various calculations I ran earlier in this thread does exactly this and looks at it from multiple perspectives. When you adjust for the inflation of incomes, land prices and borrowing costs your purchasing power is about as low as it's been in the past 70+ years. The same holds true for cash...

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.