Posted by NY 986 on February 16, 2010 at 07:17:56 from (166.217.9.70):
Anybody else seeing a big spike in land rental price and sales price this year? We are seeing rents exceeding 100 dollars an acre on some very marginal ground. The kind of ground that honestly averages 125 bu corn an acre or 35 bushel beans an acre. With commodity prices likely to be down quite a bit from where they were last year I would say there is no way to make a profit regardless of FSA payment. Getting to the point where unless you are independently wealthy you are not going to do much in this business anymore. I don't think the guys paying big money on purchases are thinking where they are driving tax assessments to. Today's power grab is going to lead to tomorrow's headache. Makes you wonder if a guy should get out today while land prices (for my area) are sky high as I don't think these values will hold. I saw the thread below about bankruptcy below but am talking a different phenomena here (big out of state money). I hope some New York and Pennsylvania guys respond to me.
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