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| He's saying that's what the ground should be worth for row crop production right now. It's bring 2-3x that at auction for the most part.
Purdue University says $300/ac should rent most anything in my neck of the woods (N Indiana) and it should take $16k to buy it. I would not go to an auction for an average piece if you weren't prepared to run it to $20k.
You're definitely in another universe when you say you are profitable at 60bu/ac.
It seems like "fringe" acres may have a financial advantage right now, but you have way more of a weather wildcard. I would be well ahead financially if I hadn't ever bothered carrying crop insurance. | |
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Rental Income Breakdown and K Shaped Economy
