Land for Sale

Just guessing, but I suspect it is already enrolled in some type of federal wetland program so it can never be farmed. The previous owners probably got about a $1,000/acre from the feds and now think they can get $1200/acre from a hunter. Really curious what you guys think: Is it in a program? Can it generate any income? What would the taxes be? What is the market value? How many roosters a year could be harvested?
I think you would have to be worth millions to "waste" that kind of money on recreation.
 
Depends on what you think waste is. Compared to other land values in Iowa if you're buying a piece of ground for hunting then it's a steal. If it's in WRP or CRP you would get some income. If you were a duck and pheasant hunter it would be a better deal. I'm not seeing why it would have to be worth millions then you would have to pay millions. You would have a place to hunt and a piece of land to pass on from generation to generation. For some like myself hunting is more than a recreation, it is a way of life.
 
If it is in wetland restoration crp it has income for the life of the contract. If it's in the wrp program it's been paid for by the government and yes the seller is selling it for recreation. Wrp will have no residual income, just a tax bill.
 
Too bad it was put into a wetlands program. Grid tile it and it would produce 250 bu corn.

In that neck of the woods who needs to own land, a guy can shoot a limit on public ground.
 
niceshot said:
md you must be one of those True Environmentalists the South Dakota Corn Growers Assoc. is talking about.
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While I don't always agree with him. I think he's kidding:thumbsup:. The only thing he forgot was the hog confinement building that would fit nicely in the front corner!
 
Have pheasants forever buy it, turn it over to the state and more public ground up north. $8500 is peanuts for some. Some duck clubs in CA are $100,000+ a year. To a NW Iowa farmer this is chump change looking to add a hunting place or tax write off.
 
niceshot said:
$138,000 @ 5% investment return equals $6,900 of forfeited income plus $1,950 tax bill means one would be spending $8,850 per year to hunt pheasants on this land.
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That would work out to about $500 per bird, probably. You think justifying a new pup to the wife is a struggle,try telling her your tiying up $138,000 for a pheasant hunting spot that won't even keep you busy for a half day, ten times a year, not only does it not have any income, you get an IOWA sized tax bill of 2 grand to boot! We hunters get used and abused by these realtors and charliton sellers, who booked a profit by dumping the non-profitable ground and now want to double their money by selling it to the next greater fool. It's worth about 200-500 dollars and the pity is when the government enrolled it, they should have made it publically accessable at the time. I believe the James River CREP program has those features in South Dakota. If you want to hunt it, lease it for 5.00 an acre, spend all the extra on the wife and kids, laugh all the way to the bank!
 
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