Posted by jdemaris on February 16, 2010 at 09:29:13 from (67.142.130.22):
In Reply to: Re: Land posted by mjbrown on February 16, 2010 at 07:42:14:
A friend of mine just sold off 200 acres of his best, but hill-top ag land. That's here in Otsego County, NY. He got $2800 an acre for it. 15 years ago, he had offered it to me for $800 an acre and I passed on it. Seems maybe I should of bought it.
There are still good land buys though. I just bought 32 acres of heavily wooded land - all white ash, red oak, beech and hard maple. Paid $18,000 which is quite a bargain considering usual market prices.
In regard to renting farm land? Much is free for the using around here. Many are willing to let someone farm it just to keep the ag. tax exemption on it. That because of so many dairy farms that have gone under.
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