Land Values

[tweety]

Lots of young guys have no idea what interest means.

[freewheat]

Freewheat

Just wondering have some of your farming neighbors done you some serious wrong to you in the past?

Not many. A couple have. Why?

[freewheat]

Lots of young guys have no idea what interest means.

lol How true.

[farmaholic]

13-1400 to 19-2100 and anywhere in between depending on quality/assessment.

Hard to wrap my head around those numbers when the most I ever paid was about 65K/quarter.

For those of us old enough to remember those fat red pencils we used in grade one....they never did stay that sharp. I must get a new mechanical pencil that never needs sharpening with some extra refills to make some of the numbers quoted here pencil out. A multi-pak of erasers may come in handy as well.

It just dawned on me...I can't make it work because I'm not using the computer.

[farmaholic]

Here's a thought, do you think the grain markets care what you paid for the land?

[freewheat]

They don't need it to pencil out. Land always goes up, up, up. Always. Never drops, never has, never will. Not ever. And it doesn't matter if it pencils, so long as you can swing it, subsidizing it with paid for land. Especially so that the neighbor doesn't get it. At least that is what some folks say.

I have asked many times for a plain out and out penciling on this site. No one has put forth any effort to show hard numbers and how it can pencil.

[farmaholic]

I bought land in 1986 for $64K... things got bad and the prices slipped and stayed down for a while. The last time I bought in 2004 I bought for $65K. That's 18 years in between the two purchases where I wouldn't have got what I originally paid for the first stuff. It was just in recent history that things have shot into the stratosphere.

To say it won't go down is going out on a limb. My money is on a correction! Not a collapse, a correction.

My thoughts are, you better be buying it for the next generation because if it does go down you better make sure you have enough time left to see it come back up before you need to dispose of it.

[Robertbarlage]

It won't go down to much with today's technology people with money around the world can buy anything more easily than ever.the world is still getting smaller everyday.

[freewheat]

Farma, I was being sarcastic. lol

[foragefarmer]

Freewheat

When mentioning your neighbors in your posts it comes across that way. Underlying bitterness!!