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Iowa | Lots of variables-
But assuming we are talking 50% of what farms have been selling for in my area lately/ Current mortgage interest rates/current cost of production/ and current cash bids for corn and beans.
I'd take the 1000 payed for acres. I'm not good enough to make the above scenario work. I think I'd be looking at around a $500/acre payment on the 2000 levered up 50%. | |
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