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Casey Iowa | I’m gonna call a little bullshnikes on $1M 30 years ago being $20M value today……locally 30 years ago average farm ground was selling for $800-1200 an acre…..we bought some at those prices on public auction,,,,,,today those same fields would sell for $10k currently……possibly!!,,,definitely would have sold for that 3 months ago…..that’s $10M value instead of $20M value……although that 1,000 owned acres would have most likely doubled to 2,000 acres during that 30 years & would be worth $20M………that 2,000 acres would currently rent for $350/acre for 2023 possibly…..which would be $700k of income pre-tax yearly from the original $1,000,000…..but hey if you farm it yourself instead of renting it out & you net an extra $130 an acre cause hopefully you are a decent manager if you have managed your way to 2,000 acres……then your netting over $1,000,000 pretax……so this year just put the money in short term cd or treasury & if an 80 or 160 comes up for sale that connects to your farm that you have always wanted…..you can go for it!!! Cuz owning the dirt by you is priceless :). Damn that got kinda wordy!!!
Side note…..I don’t post much,,,,but have always enjoyed Coup’s posts….555’s posts…..Boone’s posts & many others……there is more than one way to skin a cat is what I’ve always been told…..maybe you 3 know 3 different ways…..I’ve never skinned one…..so don’t ask me how :) | |
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Hey 555 take a look at this.
