Posted by Lincolnj on January 06, 2008 at 18:03:01 from (205.188.117.74):
In Reply to: farm land price posted by macco on January 06, 2008 at 16:30:51:
300 or 400 hundred acres in Iowa is going to bring top dollar. I've seen it hit 6200 an acre right down the road from me. I have been looking at a 60 acre piece they are asking 4500 for. I can't even make that pencil out. If you had the cash to buy the land outright, there are better investments around. Most of the investors around here quit buying land two years ago. Farmers trying to expand are the only ones buying ground because the profit margin per acre is getting thin. $4 dollar corn is great, however $3 diesel, $800 anhydrous, and new seed prices are going to eat that up quickly.
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