Posted by paul on January 07, 2015 at 13:30:21 from (76.77.197.114):
In Reply to: Buying Land posted by picassomcp on January 07, 2015 at 08:53:15:
It never really pencils out. More demand nan supply on land....
If you need to borrow 70% you will lose out to those who don't. Land is an investment, folks have $100,000 to $500,000 in their pocket, CDs pay nothing, they want to invest in something....
Best time to buy was 7 years ago, just before the farm ecconomy took off. Totally dumb luck, one doesn't know when that is....
We bought a 40 then, like you describe 8 acres is swamp, 5 acres is 'missing' for road easement and some discrepancies... Anyhow, we paid way, way too much for it back then.
Crop prices doubled that fall, and it got paid off in 5 years; the tax valuation has tripled on what we paid for it, could have sold it for that a year ago...
But - dumb luck. Good timing.
Could easily go the other way; and I think now we are in a period that favors the other way....
Value of th dollar is going up, the economies of the east and west coasts are improving always hurts ag. There are rumblings of inteest rates rising.....
The world has used higher grain prices to produce more themselves, China is getting better at finding other sellers and manipulating markets.
It would all point to hard times on the farm coming up,,and a couple years after that a bit of a land crash. The 1980s again, different this time, but you know the same.
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 - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
... [Read Article]
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.
