Posted by flying belgian on February 05, 2012 at 13:50:31 from (98.132.233.132):
In Reply to: Re: Land prices? posted by Traditional Farmer on February 05, 2012 at 05:00:04:
What payments? Most are paying for it with cash. Most farmers in our area are running at least 2000 acres and the sellers are dividing up the land into 80 acre parcels(cousins divided their 550 acre farm into 5 separate parcels to sell) Even with land prices as high as they are, it is nothing for a 2000 acre farmer to come up with the cash to buy 80 acres. 2000 acre farmer grosses nearly 2 million dollars a year. So they can pay cash for land as easily as you and I can pay cash for a new living room set.
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