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Land value question?
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Joe@RFDG
Posted 7/2/2015 13:55 (#4657969 - in reply to #4657338)
Subject: RE: Land value question?


Glenwood, Mn

We don't have land like that around here.  Some 150 bpa corn ground sold for $7k about 18 months ago (cash buyer, and I mean cash).  Guy across the road is trying sell his for the same now.  No bites this time around.

Better land 10 miles south is bringing around $3,500-$4,200 (160 ish aph). It's amazing what people will pay, or not pay for land.

Keep in mind we don't have a favorable corn basis here so that plays a very large factor in cash flow.

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