Land prices don�t need to have anything to do with farming returns. Anybody with $$$$ can buy land. They hope the total return is positive. Return from use (crop profit/cash rent) plus appreciation in value - expenses/taxes. Cash rent should reflect profitability of farming said land, but it doesn�t always.
Around here some land is sold to farmers, some to others. Both need to have $$$$ if they are in a buying mood.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather�s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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