Posted 8/2/2026 06:48 (#11716270 - in reply to #11716251) Subject: RE: Farm Sale - Adjoining Land - How much more is it worth
Washington county Kansas
tmrand - 8/2/2026 05:05
You've got to be a saver, not a spender. If you put $20 a year into a savings or investment account earning 6.5% interest, in 30 years there will be $1720 in it.
I see. I was thinking of borrowing that much more per acre and paying it off. If the real estate loan is at 6%, the interest on that 1720 the first year you own it would be $103, and you only save
$20 because if it being closer.