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 - Storing Your Tractor - by Staff. If your tractor is going to be stored for any length of time, a few precautionary measures are helpful in preserving various parts, also in avoiding future difficulty. Store tractor under cover. If impossible to place tractor under cover, be sure to cover air stack and exhaust pipe. Drain radiator and engine block. To avoid gum content collections, drain both fuel tanks and carburetor. Leave radiator and fuel caps slightly loose to protect gaskets. Block tractor up to remove weight from tires and to keep tires from contact with moist floor.
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