ricefarmer14 - 6/28/2025 05:49 Really good point…higher the land value goes the less it makes sense to be 50% equity. My only point was to illustrate that 50% equity is “relatively strong but either way high land values and interest rates over 6% even 50% debt almost doesn’t work.
"Almost doesn't work"?????
Do you know how to run a calculator?
$20k land with 50% equity = $10k of debt x 6% = $600/acre in interest + property taxes puts you around (or over) $650 per acre BEFORE you pay any principle.
I'll guarantee that doesn't work farming $4 corn or $9 beans unless you have money coming from somewhere else.
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