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What is the key?
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GrainTrader
Posted 7/1/2015 23:07 (#4657073 - in reply to #4657040)
Subject: RE: What is the key?



20 Miles West of Indianapolis Indiana
What is the key?

I'd say the key is to have faith that with large purchases like u speak of that inflation will continue to rise and long term it is a good purchase.

My grandpa stopped buying land at a certain $ amount. At that point he said it didn't pencil out. Said he would start buying again when it got below that level... He is still waiting... (Which isn't a bad thing)... BUT, in the mean time he parked any spare change in the stock market.
I will remember this phrase for a long time...

"I was by no means the best farmer in the county, but I wasn't a bad one... But I know I'm a bad stock trader now... I shoulda' never invested a dime in the stock market."

Some rents are paying more then the owner payed for the farm originally... I paid $6000 and $8500 an acre for the 2 farms I've bought. Will land rent for $6000 an acre in 50 years? Not likely. But anything is possible...

I'd assume most purchases made by anyone over 60 are made with the next generation in mind. Having long term control of the land allows for long term investments in fertility, tile, irrigation, grain storage, etc etc, things that that usually provide ROI's that'd make a new York stock broker blush if he knew some "dumb farmer" was getting them...
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