Posted by JD Seller on January 14, 2015 at 18:05:10 from (208.126.198.123):
In Reply to: buying farmland posted by howard parker on January 14, 2015 at 16:14:55:
Well $3200 per acre is cheap for land around me but you did not say where in IL this land is. So it is hard to say whether or not it is a good price or not.
Most banks will want in the 25-35% of the purchase price as a down payment or other collateral that would be equal to that amount.
The term "under contract" can mean two different things. 1) The land has a purchase contract already for the sale but it is not finalized yet. 2) If the term "under contract" has a year after it then it usually means that the ground is under a rental agreement for that term. Example: The ground is under contract for 2015. It could also say under contract until 2016. Either of those terms means the farm ground is rented.
Check it out but it sounds cheap in today's market. I am beating that ground has issues. Low fertility or land locked. Something that is reducing it's value.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
