Re: land prices

Posted by Bill Smith on February 05, 2004 at 20:55:37 from (63.147.130.159):

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

I am in a pretty rural area in N.E. Kansas. No city development where I am at and don't look like there will ever be any. None the less, we see alot of city folk comming out and buying hunting rights from land owners. Gets more common every year and now we are even starting to see people buying land for recreation or investment purposes. Pasture land seems to be going for $800 + an acre. Don't take a rocket scientist to figure out that pasturing cattle won't make that pencil out. Recreational people seem to make waste land (timber and rough ground) bring atleast that same amount. And that $800 + an acre seems to set a basement figure for tillable farm acres. Farmable hill ground will fetch just over that, and good bottom ground would probably run all the way up to $2500 an acre. Seems unbelievable for purely farm ground and recreation since there is nothing else in the cards. Don't see how a young guy would even have a chance to get started in farming without inheriting. Get ready for corprate farming because it is coming in a real big way. I hate to see it to, because I think a smaller operator can be more productive as far as productivity per acre. Oh well, I guess you got to roll with the times.

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