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Re: O/T Untillable Land Values?


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Posted by NY 986 on July 12, 2012 at 11:54:39 from (67.142.178.26):

In Reply to: Re: O/T Untillable Land Values? posted by BoonvilleKid on July 12, 2012 at 10:11:23:

The Mennonites and the Amish drive land values here especially on marginal soil. Theoretically they are not supposed to take subsidies and I understand the vast majority do not.
These two groups are still poised to get big money from selling to developers in places such as southeast Pennsylvania. This helps makes them big players for ground in other areas. Their churches help with generous terms on financing with their "home" farms such as low interest and extended time if need be.
There have been others besides the Mennonites and Amish that have cashed in their farms outside of Philadelphia, New York, and Boston and have moved to other areas of the Northeast. It is not unusual for them to fetch 250,000 dollars per acre in recent years in the shadows of these cities.
Then there are the farmers you cited that are older, have their financial house in order and exhibit a "got to have it and nobody else will" attitude towards certain prime parcels.
Not a young struggling farmers game anymore. I never had the advantage of big money and have my share of marginal ground. I think I have good management ability but it is near impossible to compete with "big money" or "exotic financing."


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