Lately there was a piece of land that sold on auction for $26,000 and I started doing a little math on it.  

Total acres vs tillable it was right at $27,000 per tillable, balance in road right of way, no income off of the non tillable.  

Property taxes were about $35/acre.  

IF the guy that bought it had 100% cash to pay for it he could have put the money in a CD earning ~5%.  

New crop cash corn locally for next fall is $4.70

Do the math on that.   It’s UGLY!!!!     Need to raise 294 bpa to GROSS the same $’s as the CD. 
 
I was told it was bought by an investor from out of state.   It is farmland, no development potential other than hogs, cattle, birds or dairy.