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Land value question?
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Kooiker
Posted 7/1/2015 19:25 (#4656502 - in reply to #4656479)
Subject: RE: Land value question?



happyfarmer - 7/1/2015 19:09 What would u pay for a farm that is within a mile of ground that U already own and farm? This is ground that has a mid 70's CSR and lays well. I would say average corn yield would be 180+/-.......with a range from 140 being pretty darn bad and 250 potential at the top end. Soybeans would prolly average around 55+/-.......prolly range from 35 being really bad to 70-72 on darn good year...... With current prices......I'm thinking a guy who is looking at farming another 25+ years should be a buyer up until around $7,500. Is this similar to values in everybody's area?




In my area with that description I would expect that it would sell for $12,000+



The last land that was sold in this area earlier this March brought over $13k and it wasn't as nice or good as your description.     If it was advertised under $10k in our local paper people would be beating the door down.




 



Edited by Kooiker 7/1/2015 19:26
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