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USA | RT numbers would argue against your assumption , that the land will likely be up for auction in a few years if it was purchased with mostly borrowed money. Really depends on how much of a land base the buyer has , backing up the borrowed money purchase.
If the buyer had 2000 acres of paid for dirt and borrowed $1 million to buy 70. Annual payment = about $73,500 over 20 years @ 4% int. Required income tax averaged over 20 years to pay the principal = about another $32,500 year.
$106,00 year on 2070 acres = $51 acre payment and income tax
1070 acres= $102 acre
570 acres = $204 acre.
320 acres= $408 acre
200 acres = $530 acre
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Southwestern Illinois land sale
