NE Ridger - 9/1/2017 10:59
Itchy - 9/1/2017 09:37 If that info is correct, CHS assigned a value of $992/acre for the entire 14k acres. I have no clue if there were improvements, but, that is the numbers right or wrong. I wonder if CHS has access to borrowing money direct at the Fed. reserve window dirt dog cheap, then lends out to outfits like Boresons?
I think you're off a digit. 139,000,000/14,000 = $9,928/acre.
You are right NE Ridger. $9,928/acre would have to be the first lien against the real estate. For sure, this makes more sense.
Low Corn prices starting to take its toll on Big Farms
