Posted by 1206SWMO on January 05, 2013 at 08:07:36 from (184.63.136.104):
In Reply to: Farmland prices posted by MarkB_MI on January 05, 2013 at 05:42:10:
Yesterday 375 acres of prime farm ground sold for $17,000 per acre in Story County Iowa..The buyer was a neighbor that now owns the entire section..Some are betting that it was a cash deal and that he could buy more if he wanted too..Say you bought it as an investment,it would have to rent at $510 per acre for a 3% return..
Land in my area of MO is very cheap compared to Iowa...My farm carries a 10 year proven corn yield of 125 bu per acre..Land is selling for $2000-2200 per acre here...
Theres lots of money out there looking for a secure place to put it..
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