2 weeks ago a 100 acre site mol went for $14,800 an acre here. Most of the timber land around me has been over $8,000 an acre recently. We have had an influx of money coming out from the Chicago area. People are looking for a retirement place and driving up the cost of living for the rest of us!
Hardwood Heaven
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2 weeks ago a 100 acre site mol went for $14,800 an acre here. Most of the timber land around me has been over $8,000 an acre recently. We have had an influx of money coming out from the Chicago area. People are looking for a retirement place and driving up the cost of living for the rest of us!
Oldman47
ArboristSite Guru
Outrageous land prices if you ask me. My more expensive 22 acres of mostly crop land cost me about 2400/acre and my more recent purchase of less desirable 40 acres cost me a bit under under 1000/acre. As has been said they aren't making any more of it but I was appalled to find it was selling for over 5000/acre here locally. Having planted 30 acres of wood lots on my 2 parcels they would not get premium prices because land around here is valued based mostly on crop potential.
zogger
Tree Freak
Monsanto ethanol frankencorn welfare benefits driving up that row crop land...egads...
I wasn't able to swing it two summers ago, that was before I was getting SS, but I looked at 13 acres with an old farmhouse for fifty grand...that's the best deal I have seen around here,most everything else is the same super high per acre prices.
I wasn't able to swing it two summers ago, that was before I was getting SS, but I looked at 13 acres with an old farmhouse for fifty grand...that's the best deal I have seen around here,most everything else is the same super high per acre prices.
We were over $300/acre but that has dropped to about $220 an acre now.
At one point 25 acres of a field had $34k worth of corn on it. That is $1,360 of pay back. We rent a lot and the lease prices were too low for too long. We are paying for it now...
srb08
Doesn't play well with others
We bought our property (150 acres) in 1993 for $900 an acre. I bought another 15 acres, adjoining the 150, in 2008 for $1500 an acre. I turned down $3500 an acre, from a developer, in 2012. Land around me is now going for $5000-$7000 an acre, in 20-30 acre tracts. We get a lot Citidiots building weekend/retirement places.
5K an acre for tillable land around here. I live in fruit growing country (apples and cherries mostly). Talk to any fruit farmer and he will tell you that you can't make any money growing fruit. So someone buys 200 acres for a cool $1,000,000 and plants it in apple trees. Wish I had a million to blow on something I couldn't make any money on. Farmers use a different math system than I do. 
Erik B
ArboristSite Guru
You have heard how to become a millionaire by farming--start as a multi-millionaire5K an acre for tillable land around here. I live in fruit growing country (apples and cherries mostly). Talk to any fruit farmer and he will tell you that you can't make any money growing fruit. So someone buys 200 acres for a cool $1,000,000 and plants it in apple trees. Wish I had a million to blow on something I couldn't make any money on. Farmers use a different math system than I do.
Yep, the day of the small farmer is about over (grain farmer). To sustain and grow around here you need to be farming at least 700 acres for a small family.You have heard how to become a millionaire by farming--start as a multi-millionaire
The small guys around us (under 2000 acres) are just taking what others don't want and paying too much for it.
Even at 700 acres, leasing at 220/acre is hard for anyone to swallow to start.
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Was that $8.00 a bushel corn or $3.50 a bushel?
It must just be me, sometimes my math isn't any good. What were the inputs? Is this land you are renting? What was the rent? $1,360 isn't the payback. If you have $900 an acre in inputs, plus $220 an acre rent, that only leaves about $240 an acre for labor, fuel, equipment depreciation, insurance and profit. Somehow I missed that day in math class.
No terminology. I never said that was the profit. Also, if you have $900 of input per acre your doing it wrong.
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