Land is priced mostly by purchaser's who have a high degree of equity and cash flow to overpay for smaller parcels of ground and have the mindset to play "keep away" which means pay more than what could be afforded based on production returns. It's nearly impossible to compete with that unless your non-farm income is pretty elite. It's very hard to come up by the bootstraps so to speak anymore. I heard of one example of keep away a few years ago where a farm family literally figured the year's profits from operations plus government payments then offered the sum as a bid on approximately 100 acres. They never looked at the proposition from any other vantage point such as expected economic return. The name of the game was bid the ground away from the other guy(s). These people farmed 5-6000 acres so it was a very large sum of money.
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Today's Featured Article - Gettin My Old Tractor Home - by Clayton Sweeney. My name is Clayton Sweeney. I am from Southern Maryland in a small town called Lothian. I am 20 and my father and I are the proud owner of a 1954 Allis Chalmers WD-45. When I was 18, I dated a girl in the next county over. Her family are tobacco farmers. It was a cold Thanksgiving evening, and we were going up to her Grandparents house. As we passed one of their barns, I noticed something orange in the corner of my eye in this old shed. It was pretty dark and I asked what it was
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