Re: land prices

Posted by greenbeanman on February 03, 2004 at 06:15:29 from (171.75.202.139):

In Reply to: land prices posted by Dan on February 02, 2004 at 18:38:19:

You never know what land will bring until the gavel has fallen.

I had some quarter sections of land appraised in 1982 by two licensed appraisers. Both said it would bring less than $300 per acre.

When the gavel had fallen the one quarter brought $792. The other for a little less.

This land was sold this past October or November for $575 per acre. Another quarter 10 or so miles away sold for $556.

The first two mentioned are good flat dryland cropland. The other is good cropland, not quite as flat.

Ness County, Kansas. Better load up your trucks and move west. Never mind that the place has been having a drought for several years. The normal annual rainfall of 20" will get you a crop most years.

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