Author	[Modern View]
Brendon-KS 02-10-2013 18:57:22 63.245.190.37 Report to Moderator	A person who I deal with through work lives near Ames, IA and told me about a 300+ acre piece of ground in that area that sold recently for $16,500/acre. Last year the same person told me about a 70 acre tract that sold for $20,000/acre in northern Iowa. In both cases the ground was bought by farmers for the purpose of farming. How many years will that take to pay for itself? Like you said, there is a lot of craziness going on with land prices these days. [Reply]   [No Email]
paul 02-10-2013 20:32:48 66.44.133.112 Report to Moderator	Re: Land prices! in reply to Brendon-KS, 02-10-2013 18:57:22   My understanding is financing fell thrugh for that $20,000 deal a year ago? Last year ~35 acres sold for $6500 an acre here. Last December, 522 acres in 5 pieces, some land bordered last years, sold for $9000 to 12000 an acre. I can see the $6500 working out if you have cash and one more good year. But, wow, $12000, this land is hilly, when it's wet the bottoms drown out, when it's hot and dry the tps burn up, most years you get some of both can run a straight 200 bu yield across a whole field here. I bought some land that penceled out to $3500 an acre for the good plantable stuff, got some 8-10 acres grassland to bale for 'free' with it, and that was a crazy price, but guess I can start sleeping good on it now..... --->Paul [Reply]  [No Email]