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$92 per acre farmland - how much is your grandpas farm worth?
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Hayinhere
Posted 4/12/2025 17:15 (#11187006)
Subject: $92 per acre farmland - how much is your grandpas farm worth?


Central NE

dryland farmground next to me just sold as 20 acre ranchetts or hobby farms for $15,000 per acre.  this is close to town.

a year ago, nothing like it would have cost more than $10,000 per acre,

if you used grandpas money that he placed and buried in the creamcan since 1932, it would cost him $92 dollars per acre to buy that farm. TODAY      A year ago "here" it would have been $82.

when farmland seems to be "going up" and it takes $3257 federal reserve notes to buy grandpas $20 piece of money, you just have to realize its the currency falling. not the other way around.

this property I tried to buy in high school (1989?) for $800 per acre but got out manuvered.  gold then was about 200 per oz so i was bidding $80 per acre in comparrison to grandpas cream can money.  I guess it hasn't "gained" in value as much as "gained" in capital gains tax liability.

what would your land cost grandpa today?     (current price / $3257 x 20)

 



Edited by Hayinhere 4/12/2025 17:16
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