Posted 11/10/2015 20:17 (#4889031 - in reply to #4887894) Subject: RE: The one thing I don't understand
Tara Farms - 11/10/2015 08:57 Is why these guy's with all this cash that are buying land at 2.5 million a qtr. were not buying it 10 yrs. ago at 400,000 a qtr. this old money surely had that much cash laying around then ????
$1.80 cash corn and 180 bpa = $324/acre
$3.50 cash corn and 200 bpa = $700/acre and during those 10 yrs they probably paid off the debt on the acres they currently own debt free.