Posted by JD Seller on April 03, 2016 at 09:11:03 from (208.126.198.123):
The high rent fellows are starting to fracture. My sons do a lot of custom farming or custom work. They have picked up 800 acres since the first of March. All of that is from fellows that had high crash rents that did not get paid and the contracts voided. The renters have started to have their banks shut off the money over a certain level. So the cash rent price is starting down some.
Now for the price of land selling. I know of four farms for sale right now. They are all priced at over $7500 an acre. They would have broke $10K just two years ago but are still on the market at $7500 right now. The one that ahs sold recently brought $5500 but is not the best ground. So the bloom seems to be off the crazy high price of land too.
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