Posted 11/16/2012 21:09 (#2701174) Subject: Can anything stop this land market???
Ill start by saying i like land as an investment and hope to own alot more than i have now. BUT...... like everywhere else this market is going through the roof. I bought a fair amount about 5-10 years ago and while grains were cheaper then things seemed more in line. The funny thing is there is alot of people buying lately that wouldnt be the normal players. Maybe these guys are very well heeled or maybe they figure its time to get in before things get crazier??? We had a bad drought here like alot of areas and i thought that might slow things down a bit, i was wrong. Last farm i bought was in 07 and a very similar piece sold less that a mile from it for over three times what i gave for mine. Triple the price in five years is a fair rise in my book. Did the late 70's see a similar sharp rise like now?