Land prices.

[remy3424]

Wow. Do they want the entire farm or just carve out the exact footprint placement of the units? If you could take 15 acres next to the road, there is your retirement funds. That might be more than tempting!

 

[Weimdogman]

That seems nuts. That is getting up there to ground that can raise very good corn rates. Not sure how anyone can pay that to graze it? That ground can be bought in some areas at $2500 an acre. Even at $3000 an acre that is over 10% return on the rental rate. What is he telling you the purchase price of that ground is?

This ground will probably sell for around 12000 a acre. A neighbor who farmed it said never got over 120 bushel per acre. Isn't this all just absurd?

 

[birddude]

This ground will probably sell for around 12000 a acre. A neighbor who farmed it said never got over 120 bushel per acre. Isn't this all just absurd?

It is. It used to be that people would sit down and figure out If they could make money on farm ground. Now it seems it doesn't matter if they can make anything on it or not. I really don't get it. I can only assume they just have the money to burn and but it because they want it.

 

[McFarmer]

Recent history has shown that farmland bought at nearly any price has been a good buy. With appreciation, prices one day are seen to be bargains five years after.

That works until it doesn’t.

Folks with cash in banks try to get “that one next door” and hope to make it work before the bottom falls out.

Musical chairs.

And of course there is always the folks with a couple thousand acres paid off and adding a quarter at high prices doesn’t hurt so much overall.

 

[Matt D]

This ground will probably sell for around 12000 an acre. A neighbor who farmed it said never got over 120 bushel per acre. Isn't this all just absurd?

That is nuts for sure. Really helps to understand why cover is disappearing since with these land prices they have to farm every acre they possibly can.

It is. It used to be that people would sit down and figure out If they could make money on farm ground. Now it seems it doesn't matter if they can make anything on it or not. I really don't get it. I can only assume they just have the money to burn and but it because they want it.

The other side is some times there are some extending circumstances that come in to play making land sell for more than it should on paper. There is a decent chunk of ground we have farmed for 40 plus years. We own beside darn near every property line of this 500 plus acres. It is very incorporated in to out operation for both farming and manure application. The current generation that owns it has decided it is time to cash out. In addition to the above reasons we also have the solar pressure locally at insane prices if it gets approval. So we have signed a purchase agreement at a stupid high price becuase the value to us is just too high to let it go. Having someone else farming it and blocking direct access to our other ground would also be costly. This will easily be the highest farm ground per acre purchase price for our area, at least until a solar project gets approved.

Recent history has shown that farmland bought at nearly any price has been a good buy. With appreciation, prices one day are seen to be bargains five years after.

That works until it doesn’t.

Folks with cash in banks try to get “that one next door” and hope to make it work before the bottom falls out.

Musical chairs.

And of course there is always the folks with a couple thousand acres paid off and adding a quarter at high prices doesn’t hurt so much overall.

Exactly correct.

 

[remy3424]

And then once the solar company has bought the land they need at unimaginable prices, the sellers will be able to go to extreme prices to buy land to replace what they just sold. Hopefully that doesn't influence the market for the long term.

 

[Weimdogman]

It's funny I remember when there was a magazine article about "Silicone Valley wealth" driving up land prices in Iowa. Seems that kids moved to Silicone Valley made stupid money and ran up land prices back home. They had the money and why not put it into expanding the family farm.

So we have had the flip side happen in our college town - farmers have sold ground and needed to reinvest so they have paid more for apartment buildings then is economicaly feasible for others who need to finance.

 

[birddude]

Wow. Do they want the entire farm or just carve out the exact footprint placement of the units? If you could take 15 acres next to the road, there is your retirement funds. That might be more than tempting!

I'm not sure how much they are seeking here. My neighbor signed up his entire 40 acers. I haven't heard anything from the rest of my neighbors. The project in the county south of me is 1200 acers. Roomer is double that before they're done.

 

[KsHusker]

That sounds crazy. I was offered 6k per acre with a 2k sign up. I turned it down. The county south of me has a ginormous solar farm going in. Just getting the power to the power plant will cost millions. It doesn't add up to me! There is no way in hell that's ever going to show a profit. Something very crooked is going on and we are paying for it.

Exactly how the wind farm racket has been going on.

I'm fine with finding alternative energies and using them - and that there has to be some sort of incentive to make it happen - but the way it's done is extremely crooked.


This is probably worthy of another thread - but if you really want to go down the rabbit hole - Zero point energy and some of the research Nikola Tesla did back in the day to likely rediscover ancient technologies --- if you've ever thought about that much -- imagine how much further along humanity would be if it wasn't so full of greed. I'd have to read the research/history again - but the current corrupt power system we have JP Morgan to thank based on what I've read -- interesting deep dive if you take it. Can start researching pyramids, ancient building tech, and just using common sense to know previous lost civilizations had some sort of energy figured out that we do not or if we'd started to rediscover it have kept it "hidden".

 

[McFarmer]

Exactly how the wind farm racket has been going on.

I'm fine with finding alternative energies and using them - and that there has to be some sort of incentive to make it happen - but the way it's done is extremely crooked.


This is probably worthy of another thread - but if you really want to go down the rabbit hole - Zero point energy and some of the research Nikola Tesla did back in the day to likely rediscover ancient technologies --- if you've ever thought about that much -- imagine how much further along humanity would be if it wasn't so full of greed. I'd have to read the research/history again - but the current corrupt power system we have JP Morgan to thank based on what I've read -- interesting deep dive if you take it. Can start researching pyramids, ancient building tech, and just using common sense to know previous lost civilizations had some sort of energy figured out that we do not or if we'd started to rediscover it have kept it "hidden".

So it was aliens then. Science is pretty much an open book, there aren’t that many different sources of energy in the universe. Reversing gravity would be way cool.

I’d like to see a link that you have available, the pyramids are an interesting topic.