Posted by oldtanker on January 05, 2013 at 19:13:19 from (66.228.255.239):
In Reply to: Farmland prices posted by JD Seller on January 05, 2013 at 15:44:02:
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JD I'm paying about 700 bucks a year for 200 acres of ag land. So our taxes are no where near what you are saying. Depending on the area some guys are making a killing and then poor mouthing everyone to justify subsidies.
And I kinda figure that there are going to be a heck of a lot of acres in corn this spring. Get enough rain and there are going to be a lot of guys that are crying for real. You and others miss that I allowed another 100,000 dollar for incendentals. I did that because there is much I know I don't know. Most of the guys around here getting 100-150 BPA on corn are not spending the money to do it right. I know several guys that bump or exceed 200 per acre. One claims that his inputs are 350 an acre (past spring cost). These are the figures I'm working with. Now he just lost 100 acres he was renting because the old guy who owns it thinks he's going to plant corn and make 200 BPA. The land is 3 years out of CRP, 2 in beans and one in wheat. I know he's going to cut corners cause he's a tight wad. If we get enough rain I'm betting on 80-100.
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