It’s very simple, businesses received that money to pay their employees salaries. Majority of these “big” paid businesses didn’t miss a beat during COVID. So they merely did what they were told by their accountant; pay your employees with this money. Take the money you would have done your normal payroll with and invest that amount. Nothing illegal about it………….
Logically yes, in practice, no, way smaller buyer pool creates less demand. I have saw it in person multiple times. A 20 or 40 will have more potential buyers and they are willing to over pay because they can afford the payment. Most LARGE tract buyers look closer at value and price because every increase in $ per acre makes a larger total price quickly.
You could very well be correct. My thought is years down the road and the trend continues. If I'm a seller, and there is a way to split a larger tract that I'm selling and it will bring a substantial amount more, why not? If you have a true survivor larger REC tract 20 years from now, we'll say 200 acres on up, they could then become the sought after tract. You won't need a large pool of buyers because the pool of properties will also be small. Until (if)we get there, you won't know how it plays out.
Just a FWIW...I traveled all the way to southern Texas about 20 years ago now to do a wild hog/javelina hunt. The outfitter that we went with talked at length about "segmentation" and not in a positive light. There, even 20+ years ago now, land was being subdivided and sold in smaller and smaller lots than they had historically.
I started seeing this in my area back in the 1990's. It wasn't large tracts bought and parceled, more along the lines of a 40 acre here an 80 acre parcel there getting sold off as rec ground. This happened all up and down the Cedar River. There used to be large groups of shotgun hunters who pushed the river bottom from bridge to bridge, with trucks of orange clad hunters filling the cabs and beds of trucks running up and down the road. Parcels got bought up and posted as no hunting by the new owners, which shut down the deer drives, for better or for worse. Haven't seen truckloads of shotgun hunters for 10+ years now, maybe longer.
I can see what you are saying. If there is only a couple "big" tracts left in the state, they could become extremely sought after, even if only a few can afford them.
That 80 you recently listed in Wayne county looks to have good potential.
Definitely. Loaded with deer and turkey.
Its been for sale for a little while just not listed.
Screening, box blind setup, massive cedar removal, foodplot creation, etc. ZERO doubt someone going to be very happy. Getting it dialed in.
Big tracts that are “amazing”, “turn key”, “giant buck paradise”…. IMHO- gonna be worth more of a premium as time goes on. As they become more rare - the rich will always pay for what’s rare. Historically they always have brought a premium done right. If we keep breaking things up- these farms, someday, will be worth more per acre than the small tracts IMO. They will be so rare - guys will pay “whatever it takes”.
Definitely already happening, used to be a few 1000 plus acre tracts for sale, now there’s hardly any 500 acre tracts. The land flipping is getting crazy and guys are doing anything to make money like breaking up already small tracts, there was a 172 bought a few months ago and is back on the market split up into 4 tracts now, I feel bad for the neighbors. Long term this is a huge threat for quality deer hunting.
