Picture-This 550 Massey Sold For $3100 Today

I attended an estate sale today 12 miles SE of me.The 550 Massey combine sold for $3100 which most thought was pretty high.It was no cream puff.It had 2 heads and there was a skid of spare parts for it.An extra pair of 28x26 rice tires on rims sold for only $250.

The sweet running 1150 V-8 MF tractor with M&W turbo sold for $3800.If I werent collecting old combines it would possibly be at my place tonite.A 4230 JD sold for $11,000 and a 2640 JD for $7900.

318 acres of pasture and hay ground sold for $1650 per acre which is very high for this area.It would only rent for $40-45 per acre.

Land cash flows at $5-600 per acre here.Pasture land rents at $40-45 per acre and tillable land rents at $50-80 per acre.

Most farmers have quit buying land here.Lots just rent most of what they farm.

Building lots at the edge of town sell for $5-10,000 per acre and they are getting hard to sell.$10-12 per hour wages dont let people build new houses.

A neighbor was there to bid on the 550 but it was too much for him.The 550's have a poor reputation in this area.A guy at the sale offered them a nice 105 JD diesel-hydro for $4000.

Tim,only the very wealthy can now afford to buy a large parcel of land in my area.We are in an area of many $10 per hour jobs.Just a couple of years ago I was outbid on a neighbors nearly level 80 acres.I quit at $1250 per acre and it went for $1425.I'm glad that I didnt get it as 9 of the past 10 years have been poor in this area due to bad weather.

It looks like the Murphy-Smithfield hog farms may have bought this 318 acre farm.118 acres of this farm was purchased only a few years ago for around $800 per acre.Smithfields own 5-6000 acres in this area and have over 100,000 sows.Heres a picture of the farm looking to the northeast.The buildings in the back ground are one of their many huge sow farms.