Posted 11/23/2012 09:09 (#2712118 - in reply to #2710910) Subject: Re: A question on land values
The problem is my corn made 30 bpa in 2012 and 20 bpa in 2011, but the values keep going up.
It is capable of 60 on average in non drought years and 150 in perfect rain years, but the question was hypothetical ifs.
The "real" value (4-5% cap rate) is probably in the 2-3000 range, but is selling 3-4000 (2-3% cap rate), for the best ground.
Depends on what real is.