Southeast Colorado | idiotsavantfarmer - 1/29/2024 07:18
One formula that seems to work is that land should trade at five times the gross value of a crop of corn. Do the math, and you will see that anytime that happens, it is a good time to buy.
Always interesting to hear other's opinions on that.
It seems that Boone, here in the past, has stated that land should sell at 9 times the value of that crop.
I think I've decided that here, it's somewhere between your two numbers. But if it really does get down to 5........you'd dang sure bet you should be buying.
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10 years from now
