Posted by Rick Kr on December 18, 2012 at 06:09:36 from (198.105.227.109):
In Reply to: Farm land bubble posted by Jon L on December 17, 2012 at 22:29:56:
400+ acres next to me went through the 1990s bubble here in Michigan, last sold for 12,500/acre. Guy thought he was going to build apartments and a subdivision in the middle of nowhere. He started to sue the township because they wouldnt rezone it out of Ag. Things slowed in 2004-06 then crash, my buddy bought it all for $965K (2400/acre). Dont know if he would have won, luckily in this case the 2007 depression solved the problem.
I am looking at 2 separate 10 acre parcels, each are asking 4k/acre. Big parcels around here are now 2800-3000/acre.
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Today's Featured Article - Tractor Profile: Silver King - by Staff. Silver King tractors were produced by the Fate-Root-Heath Company of Plymouth, Ohio. The company was founded by John Fate in 1884 and was originally called the "J.D. Fate Company". After several mergers over the years, the final company name of Fate-Root-Heath came about in 1919. The first tractor produced was actually called the "Plymouth" tractor and was powered by a 20 HP 4-cylinder engine with a 3x4" bore and stroke. The four speed transmission had a top speed of 25 mph! After more t
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