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jaybmiller 
Orange Level Access
Joined: 12 Sep 2009
Location: Greensville,Ont
Points: 24645
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 Posted: 15 Nov 2023 at 7:02am |
re: Tell me how 160 acres less than 2 miles from place sells for $16,500/acre will recoup that money?
EASY, 'farm' the sunshine ! get to harvest a new crop of electrons every day ! Everyone KNOWS how profitabble that is !
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3 D-14s,A-C forklift, B-112
Kubota BX23S lil' TOOT( The Other Orange Tractor)
Never burn your bridges, unless you can walk on water
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DMiller
Orange Level Access
Joined: 14 Sep 2009
Location: Hermann, Mo
Points: 33852
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Posted: 15 Nov 2023 at 7:29am |
Land prices north of here on the Great Plains section of MO were selling as high, some as low as $11,000/a where other ground was over $17,500/a, that has all but stopped with land auctions closing "without adequate Monetary Levels'. Seems a great deal of those lands were bought as Speculative Investments knowing the prices would soar, or at least someone was told would soar as "Not making More Land". That fine statement is falling to deaf ears as Farms cannot support that value and still make a profit above land expense payments. Speculators are leasing the ground to make part of the investments back to pay the loans or to maintain a financial value level but is already showing signs of failures in the offing. Biggest issue presently were these were bought at really low interest rates, yet were on ARM mortgages and have nearly doubled on rate with interest eating away any chance of profits. Some WERE purchased with hard cash, those owners had banked against older farm profits and managed to keep a tight hold but are not getting the return on investment ROI they deem as necessary to keep that ground productive.
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Ray54
Orange Level Access
Joined: 22 Nov 2009
Location: Paso Robles, Ca
Points: 4723
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Posted: 15 Nov 2023 at 2:17pm |
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I thought O'l freebe was back, an going to tells us how to do it better again. Must still be waiting for train to clear the crossing.
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steve(ill)
Orange Level Access
Joined: 11 Sep 2009
Location: illinois
Points: 87573
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Posted: 15 Nov 2023 at 4:35pm |
Things look a lot different when corn is selling for $8. ....... compared to $4. 
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Like them all, but love the "B"s.
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Lars(wi)
Orange Level Access
Joined: 14 Sep 2009
Location: Permian Basin
Points: 8025
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Posted: 15 Nov 2023 at 5:59pm |
 Ray54 wrote:
I thought O'l freebe was back, an going to tells us how to do it better again. Must still be waiting for train to clear the crossing. |
I think Mama took his play phone away.
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I tried to follow the science, but it was not there. I then followed the money, and that’s where I found the science.
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dr p
Orange Level
Joined: 24 Feb 2019
Location: new york
Points: 1392
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Posted: 15 Nov 2023 at 6:59pm |
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I saw one a web site (farm journal?) That farmland in northeastern north dakota sold for over 20k per acre last month at auction. Call me a uninformed northeasterner but land is north dakota isn't as fertile as Iowa
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DiyDave
Orange Level Access
Joined: 11 Sep 2009
Location: Gambrills, MD
Points: 54030
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Posted: 15 Nov 2023 at 8:34pm |
Muspammid is a spammer, methinks... 
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Source: Babylon Bee. Sponsored by BRAWNDO, its got what you need!
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Coke-in-MN
Orange Level Access
Joined: 12 Sep 2009
Location: Afton MN
Points: 41978
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Posted: 16 Nov 2023 at 8:42am |
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that N Dakota land - Do the mineral rights go with the land sale - might be oil in that there tundra
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Life lesson: If you’re being chased by a lion, you’re on a horse, to the left of you is a giraffe and on the right is a unicorn, what do you do? You stop drinking and get off the carousel.
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NDBirdman
Orange Level Access
Joined: 30 Jul 2011
Location: ND
Points: 1435
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Posted: 16 Nov 2023 at 7:17pm |
dr p wrote:
I saw one a web site (farm journal?) That farmland in northeastern north dakota sold for over 20k per acre last month at auction. Call me a uninformed northeasterner but land is north dakota isn't as fertile as Iowa |
Wasn't Gates again, was it? He bought a boat load of land once before in northeast ND at a crazy price.
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1955 WD45 S#205467, 190XT #6652 DXT
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DMiller
Orange Level Access
Joined: 14 Sep 2009
Location: Hermann, Mo
Points: 33852
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Posted: 17 Nov 2023 at 6:46am |
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Gates is living on borrowed time, has Parkinsons and is drugged pretty hard compensating for that. His foundation will end up owning and selling those lands back away to generate income near term future.
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