Missouri river bottom south of Sioux City, IA | “Keeping the power dry.” It sounds easy but hard to follow if you don’t have the backbone to do it. I keep this document (Changes in Iowa Land Values) updated and handy.
I got skin in the game in 1976 on some rented ground and bought my first 130 acre farm in 1984 at $1,000 per acre with cash. It did not hurt having that power earing 15% in CDs before I bought the ground. In the middle 80s my Gramps bought some ground for $750 per acre that several years earlier had an offer on it for $2,500 but the owner did not take it. I wonder where the land price would be now without the ethanol boom influenced land price run up from 2004 to 2012. Without some type of trigger land price increases can’t sustain a double digit percent increase in multiple consecutive years. In 2012 I did hear of $10 corn and $20 soybeans coming with land prices tripling within 5 years. We have seen how that all turned out.
Tom N.
 (Land price 1981 to 2023 (full).jpg)
Attachments
----------------
 Land price 1981 to 2023 (full).jpg (38KB - 83 downloads)
|
10 years from now
