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Re: Isanti County MN - Going land rent????


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Posted by NY 986 on February 14, 2015 at 18:00:25 from (174.236.3.252):

In Reply to: Re: Isanti County MN - Going land rent???? posted by JD Seller on February 14, 2015 at 16:23:37:

Quite a few people around here are paying stupid money for marginal ground. There is little consideration by landlords as to the quality of their land when there are plenty of "gotta farm" renters to choose from. There are too many people playing with exotic forms of money to have rent or sale prices reflect a return on farm enterprise production. Add to that the guy who is farming on a huge scale and has the money to overpay several times over what a small tract of land is worth based on agricultural productivity. I know of farmers blowing other prospective buyers out of the water on 100 acre pieces because they are willing to throw the kitchen sink (of which they obviously have an extra) to get it. It is surprising as to where land has gotten to. But if land is going for 10,000 dollars I don't see short of pure speculation how it is going to 20,000, 30,000, 40,000 dollars. And we all know the downside of speculation.


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