SE IL | IN555 - 11/12/2026 06:00 So you would consider 20k/ac should be the going rate? On Monday in Newton county IN 44 acres of decent ground no saled at 10,290 with Halderman auctions. 2 sales this spring also were no sales. I think everyone is still thinking the ridiculous covid prices from a few years ago but when they see the cost of money at 8% these land prices are crazy. A 20% reduction seems reasonable considering the cost of money and inputs.
I read something recently that basically said "since asset prices haven't declined with the increase in interest rates we would assume the value of the dollar has fallen". |
Where are all the land investors?
