|
Tractor Talk Discussion Board |
Re: land prices
[ Expand ] [ View Follow Ups ] [ Post Followup ] [ Return to Forum ]
Posted by Indydirtfarmer on February 03, 2004 at 02:59:57 from (204.255.236.128):
In Reply to: land prices posted by Dan on February 02, 2004 at 18:38:19:
Land prices are going out of control around here. The Louisville Metro area is expanding way too fast.
Farm land is "worth" around $3500 per acre, on the average.
Land to be developed, that is currently AG land, is selling for $10,000 an acre, in large tract's (100 acres plus)
1 to 5 acre "building lots" are going for $10000 to 50000 an acre.
Some "prime acreage" is going for $75000+.
We have several acres overlooking the Ohio River, on our farm. My sister, when she challenged my parents will, got a couple appraisals on these acres. A real estate agent she "hired" to apprais them, told her that he could easily get $100,000 an acre for this ground.
ABSOLUTELY NUTS!
It's impossible to compete with those values, when trying to buy land to farm.
It's also impossible to argue with some one when they sell a farm to be "sub-divided" at those prices. You could farm for a thousand years, and not make that kind of cash.
Last summer, I bought 194 acres, 2 counties away from the family farm. I paid less than $2000 an acre.
We also farm in Grayson county Kentucky.It was inherited from my father-in-law. It's just about as good for farmland, as the Indiana farms, but you'd be hard pressed to get $1750 an acre for it. John
Follow Ups:
Home
| Forums
| Order Support
Today's Featured Article -
Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
... [Read Article]
Latest Ad:
1958 FORD RARE 4x4 801 TRACTOR, ELENCO/FRONT DRIVE, FRONTLOADER AND WEIGHTED REAR WHEELS, FIVE SPEED, LIVE PTO, GAS ENGINE, NEW REAR WHEELS AND TIRES, ENGINE RUNS.
[More Ads]
Copyright © 1997-2026 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V. Yesterday's Tractors - Antique Tractor HeadquartersWebsite Accessibility Policy |
|
