New farm land record sale
A plot of tillable ground sold new record price of 34,000 an acre in Missouri,tillable ground getting expensive
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It's a tough choice to make. Most of the really high dollar land is being used as a tax dodge. I got an offer to buy a month back:$3.5 mil. If that was offered, the actual value is approximately double that figure.
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I wonder if it was a Chinese conglomerate buying that land??? It is starting to get out of hand.
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WOW
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crazy prices for sure
I worked with a handful of people who inherited the "farm" something I would never had to worry about or hope for 😥
they talked about not being able to buy new equipment or had the time to take care of it and work ( lucky people for sure )
I suggested sell it or at least rent it out take the money quit your job possibly depending, ? of course then enjoy your life at least sell all the road frontage s that waht sells for the most $ around here any way
even though just tillable land has also gone crazy in prices also
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Around here I’ve seen tillable ground go for $12,500 an acre, but heard of some that went for $14,000 an acre but can’t verify that price. Now 30 years ago the railroad bought 25 acres of ground at $50,000 and acre from a farm to put in a cross over from one railroad to another. That farmer still has a smile on his face.
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Last parcel of tillable land in our neck of the woods was just under 8K an acre.............. I can not figure out how anyone would make a buck off of farming land that costs 34K.. I am guessing it will soon be used for something other than farming !
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I’m not a farmer but $34000 an acre seems crazy high
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Our farmer neighbors and good people i will add they are are 3 or 4th at least generation on the farm they have bought up several + farms since i met them
About a mile south of us they bought a farm tore down the house and out buildings and storage like silos
Leased out the land its in process of having a large solar farm being built
A lot if locals protested but to no avail
I am Not sure what the $$ agreed for the lease or how many years I know it was not cheap and for a long time
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2,200 acres for $23,000,000 ranch land with a little hay. Was on this ranch 3 weeks ago.
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forgemonkey: 33165129445019/comments/33165134787867
2,200 acres for $23,000,000 ranch land with a little hay. Was on this ranch 3 weeks ago.
https://us.v-cdn.net/6031683/uploads/JJUPPUHC1BWK/dsc-3365.jpeg
https://us.v-cdn.net/6031683/uploads/RSV5NVQFWG8X/dsc-3366.jpeg
Gods amazing beauty.
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forgemonkey: 33165129445019/comments/33165134787867
2,200 acres for $23,000,000 ranch land with a little hay. Was on this ranch 3 weeks ago.
https://us.v-cdn.net/6031683/uploads/JJUPPUHC1BWK/dsc-3365.jpeg
https://us.v-cdn.net/6031683/uploads/RSV5NVQFWG8X/dsc-3366.jpeg
Wow that is breath taking....If I had $23,000,000 that is what I would want !!!!! I guess we will never know.
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William81: 33165129445019/comments/33165135644187
https://forums.gunbroker.com/discussion/comment/11412860#Comment_11412860
Wow that is breath taking....If I had $23,000,000 that is what I would want !!!!! I guess we will never know.
That’s one of three, all contiguous. One headquarters house has one massive bedroom, among others. The big one has John Wayne memorabilia everywhere. That’s where he slept when filming True Grit. It has an indoor salt water swimming pool. And no, they don’t have to make a profit on them.
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Land prices and terms of the sales can be tricky to interpet the reasoning behind such purchases, In 1989 I sold 1400 acres of prime farm land to a French industrial group, they paid 1/3 down with the rest to be financed by me with 2 annual payments of 1/3 each, plus interest. They never made a yearly payment, the initial down payment was a loss to them and they had no remorse in losing it. The property reverted back to me...... there was absolutely no complaints from me, I was a happy camper 😊......they left here and did a similar deal in New Zealand, same results, same ending....🙄.
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Sure glad that I can LOOK at these beautiful lands without having to open my wallet! 🙂
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Maybe in my next Lifetime. 😉
You know, the one where I have learned something and avoid all the Stupid decisions I've made in this Lifetime. 🙄
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The fact that we (USA) allow Chinese National's and Corporations to buy up US farmland and infrastructure (Pork/Chicken processing Companies etc.) is absolute BS.
Think they (the Chinese) would allow that to happen in their Country? Dream on. Kinda like the Mexican Immigration Laws. (Anyone ever read that?)
The only thing I can say, is that when we invariably/inevitably go to War with them, Good Luck collecting on that stuff.
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I knew Wm81 had the big bucks. Deer at least.
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Here in SE Wisc. it's going for $10,000 an acre. HOWEVER, if it's developable more like $25,000!
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It really is sad when land becomes to valuable to grow food. Good thing a lot of people storage is verticle.
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I saw that on Ag Day last week.
Makes me wonder about my family acres in the Washita Valley, in Oklahoma.
Land.......The Good Lord ain't making any more.🤔
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Places like the one in the pics are "rich Dude hideaways". That $34K/acre MO land is next to someone who inherited Grandaddy's farm and needs to spend a gazillion bucks to prevent paying an unbelievable amount of taxes(just a SWAG).
There's a lot of money to be made in certain aspects of farming these days but most of the gain is simply related to manipulating your losses. The people making big $ farming are those who didn't just begin yesterday(and most likely inherited their way into the farming game).
I'm replacing a shop that was destroyed in an 11/2/22 wildfire. It's a very modest size and basically a shell to be finished as time and $$ allows. The building, site prep, and electric service is going to cost as much as I gave for 200 acres in 1980.
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Much of the AG land in my area has been sold off for big bucks to developers who are building multi million dollar mansions. The middle class cannot afford to live here anymore!
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@...: https://forums.gunbroker.com/discussion/1912959/new-farm-land-record-sale
A plot of tillable ground sold new record price of 34,000 an acre in Missouri,tillable ground getting expensive
How big was the total plot of ground? And did it have any improvements? It's not absurd to pay that much for an acre of ground near city limits, especially if it has a well, power, and other things like that. And where I am, it absolutely could be zoned rural.
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I have a feeling the Government is going to be doing something in the area. New prison or some one has a new grow license for Mary Jane etc...
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I'm sure all the neighboring property owners will be very happy paying more in local property taxes after the re-evaluations are done due to that one transaction....🤬.
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Here's the Ag Day episode that contains the land sale.
IIRC......it was about 150 acres.
AgDay 09/26/23
Mexico makes a big buy of U.S. corn. We discuss how the USMCA trade dispute with Mexico may factor in. Plus, see who was willing to pay $34,800 an acre for farmland and what you need to know to help prevent farmer suicide.Enjoy.......
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The article I read said 115 acres... It is located about 50 miles or so from our farm...
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How many years of row cropping is it gonna take to pay that off?
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More than my life time for sure !!!!
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Junkballer: 33165129445019/comments/33165162551323
I'm sure all the neighboring property owners will be very happy paying more in local property taxes after the re-evaluations are done due to that one transaction....🤬.
YOU GOT THAT RIGHT.
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