It's interesting the number of comments of the "value" of the land. Some of you guys are on the side that the best value is the rent income, and others are of the land itself. Land ownership needs to be looked at from two perspectives. 1: What annual income will the property produce? Rent - taxes and other expenses. How much rent a farmer can pay is directly tied to program payments, and these payments vary widely from region to region. 2: What is the investment potential of the property? The last 20 years the growth in land values couldn't be beat for an investment. The 20 before that, you did well if you didn't loose on that investment. What will happen in the next 20?
Most people operate on emotion. Today's investment outlook is that the stock market is going crazy, and land values will level off with commodity prices in the dumpster. Why wouldn't I sell land and buy stocks?
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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