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Southwest Missouri | I am a 28 year farmer who works with a brother and my father. My dad let my brother and I start renting some ground six years ago. I have never had a bad year or watch my net worth go backwards. My brother and I are partners and bought some high risk bottom ground in 12 and payed it off in 15. I haven't borrowed on an operating note since 12. Ground hasn't come down in price in our area yet. It never went crazy high either. The ground we are looking at buying is probably going to cost close to 4300 per tillable acre. In my opinion that seems like a bad investment when Illinois ground with double the corn aph is going around 9 to 10 thousand.Is ground that can't even cash flow at 3 percent a bad investment even if it's within 2 miles of our base of operation? I also like being debt free and not really wanting to go into debt for what seems like a bad investment. The only reason I am interested is because how close it is. What would you do? Anybody is welcome to respond.
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Selling stock and buying land
