$3500-4700 here in MN, 200bu corn is possible, 175 is a nice average to shoot for.
I have seen the same land sell for less than $1000 2x in my life.
All depends on farmer enthusiasm for the year. When land is cheap few are selling, just rent it out. When land is high, it's too much $$$, tho much is on the market.
There is no 'perfect' time or price to buy or sell. One has to do what works for your situation.
If you feel like farming/ buying farm land, get your ducks in a row & save up a nest egg. You will be in a position to take advantage of oppertunities that come your way.
Wake up one morning & decide you want some land, don't prepare for anything ahead, and everyone else will be buying it, you don't have a chance.
Those buying & making it prepared 5, 10, 15 years ago, for that 'deal' to fall into their lap..... It's never easy.
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