AGDEAL - 5/5/2016 07:47
Boone & Crockett - 5/5/2016 06:12
A couple ways to determine what a farm is worth (cash grain) is to either take its APH, and for every ten bushels of APH, take times 340. That's at today's corn price of around $3.60. That will get you in the ballpark for what you SHOULD pay. The other is to take APH times current corn price, times around 9 1/2. If you start paying more than these 2 formulas, well you best have a good income source to heavily subsidize it.
The minimum bid on most farms here is $8000.
225 APH x $3.60=$810 x9.5 = $7695
Here that wouldn't get you in the door.
How to Determine Land Value - Tax Records?
