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Belzoni, Mississippi | The post below about justifying land cost was very interesting. Me and my dad has always wondered how do you make those payments. Around here in Mississippi, the cheapest that i have seen land go lately is about $1,800 an acre. It seems all land mostly goes for $2,500. Upland, bottomland, cotton gorund or soybean ground. Most of its around $2500. Could someone give some straight answers on how do you justify land purchases. DO most people only purchase a few acres at a time or what? If its not to personal, what are some of your land payments on a per acre basis? Some people on the post below said that lnad doesnt pay for itself you just hold it and flip it. Why would a farmer risk such high cost just to flip it. For the person that posted that he had to work an off farm job for 20 years; what about if you cant afford to work an off farm job? HOW DO YOU JUSTIFY LAND PURCHASES? | |
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Land Cost, how do you justify? Looking for some straight answers.
