Posted by Foghorn Leghorn on August 20, 2010 at 07:31:42 from (66.170.11.2):
In Reply to: land auction posted by billonthefarm on August 19, 2010 at 18:09:57:
Bill, I am also in Wisconsin and this just leaves me shaking my head. I spent a lot of time looking at this and running the numbers and I can't see how someone can earn enough off the land to justify paying more than about $2,500/ acre for it, (assuming of course one wants to farm it.)
There is just no way you can generate enough of anything there to service that kind of debt assuming one didn't pay cash. If you do have cash, I can't understand why you would spend it on something like this and have to work so hard to maybe break even.
The only possible positive outcome is to develop the land. That would effect the taxes of everyone else in a big negative way. Moreover, I just don't see it happening in this economy.
Who bought this, how are they financing it, and what are their intentions?
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
