Posted by F-350 on August 20, 2010 at 09:49:59 from (67.142.166.29):
In Reply to: land auction posted by billonthefarm on August 19, 2010 at 18:09:57:
Good tillable land in my area goes for $1800-2000 per acre.Since 2004 we have averaged 140 bushel corn as year after year we have had timely rains in June-July..Cash rent is only $60-80 per acre for about a 4% return.One of these years it will forget to rain and we will have 50-70 bushel corn.Soybeans run from 25-40 bushels per acre but last year everyone was in the 50's.
For the most part farm ground is well past paying its own way.The money has to come from elsewhere.Farmers that have 1000 acres or more paid for can often afford to bid up on an 80-160 that joins them.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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