Sad day for me!!

[SaskGuy]

I heard through the grapevine yesterday that one of my elderly neighbours had sold a bunch of land near my house. I stopped by his place for coffee this a.m just to see for sure. Sure enough, he'd parted with 640 acres of land, about 400 timber 240 alfalfa, great habitat. I know the one guy that bought 320 acres won't allow me to hunt it anymore. he doesn't allow anyone. The other guy is another neighbour so maybe I won't have to go pull stands out of there. The part that is really sad is that I didn't know he was looking to sell, he said the guys just called him and offered enough. You guys tell me if this is enough, total price he got for all 640 acres.................. about $65 000 Canadian!! I'd have bought some for that kind of $$ if I'd have known.

 

[Ghost]

Bad deal Kaare!

Hope you don't loose hunting rights to all of it.

As far as the land price, that's unreal. Those days are long gone in Iowa.

 

[JNRBRONC]

Do I have the math right, here? $65,000 for 640 acres, just call it 650 acres to make it easy, so it is $100 an acre Canadian dollars or roughly $80 USD? Amazing!!!! The average price for Iowa farmland in 2004 was $2,629.00 USD. See: Iowa land prices

 

[PYBucks]

JNRBRONC, $65,000 Canadian is actually about $53,000 US dollars.

Tim

 

[Stump Shooter]

640 acres for $53,000? I don't know how I would come up with 53 grand, but for that amount of land at that price...I would find a way!!!! Maybe I could sell a kidney. What are those going for on Ebay these days?

 

[SaskGuy]

Found out another 160 went with the other 640, it however was lease quarter, he just signed it over to the buyer. Here a lease quarter is in your name but gov't owned. Technically it is the crown's but your private property. Here you apply for a lease when they come up. The price will make you really sick. One year lease....about 500 dollars!!

 

[HighJumper]

Hay must sell cheap up there. You could pay for the farm and finance a nice bailer down here with 240 acres of alphalfa.

 

[hillrunner]

I was thinkin the same thing about the hay ground. A guy couldnt afford not to buy that ground at that price, aroung here anyway.

 

[avidhunter]

That's $83/acre .... a veritable STEAL
Man, sorry to say that the farmer apparently had NO idea what the value of his land should have been... I have seen timber selling for upwards $3500/acre around Johnson county = 42 times that price