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USA | Top in the land market was around 1929, with low around 1939.
My Grandpa bought his first farmland in 1939 for $35 acre that had previously sold for $100 in 1919 on a land contract. Buyer gave it back to the owner after struggling to pay for it over 20 years. He bought where I live for $75 acre in 1941. Bought his last piece in 1950. Gave $26,000 for 190 acres.
Next land top was in the late 70s - early 80s, followed by a bottom in 1989. 50 year cycle would put a top @ around 1929, with the next bottom around 2039. | |
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Why current farmland values are well supported
