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Tractor Talk Discussion Forum

OT, farm economy strong in ohio

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Ray

01-19-2008 09:04:30




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Just saw an 82 acre farm sell with 16 acres of woods for $505000,or $7651 per tillable acre,nothing special,no buildings near fort loramie ohio.




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paul

01-19-2008 09:15:36




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 Re: OT, farm economy strong in ohio in reply to Ray, 01-19-2008 09:04:30  
Place in IA just sold 46 farm acres for $9010.

Not sure if it is strong, or exuberant..... Are we in good years, or leading ourselves to the 1980's all over again? :)

--->Paul



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JMS/.MN

01-19-2008 09:56:33




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 Re: OT, farm economy strong in ohio in reply to paul, 01-19-2008 09:15:36  
Two years ago, two separate sales, each 80 acres, went for $3200 per, no building entitlements. This fall, slightly better ground, 100+ acres bare ground, $4100 with a bucketful of bidders. Big difference in this market vs "80s is that lenders are not financing such a big percentage of the price. Too many got burned back then. Course that makes it harder for the beginner to get a start.



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duck1

01-19-2008 09:10:06




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 Re: OT, farm economy strong in ohio in reply to Ray, 01-19-2008 09:04:30  
is it the farm economy or rich doctors from texas that need a place to hunt?



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