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land sale results
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doathlon
Posted 1/11/2019 06:27 (#7236645 - in reply to #7235877)
Subject: RE: land sale results


100th_meridian - 1/10/2019 19:46

Do you know what they were hoping for? Is that irrigated?


Should have sold for $6700-$8000 an acre. Taxes would be around $60-$80 an acre. That part of Nebraska was hit with spotty drought in areas in 2017 and the early snow caused havoc in 2018. My guess is some working capital has been eaten into as of late and guys are just letting themselves heal. I don't think it was irrigated. Eastern Nebraska doesn't need irrigation, especially close to the river but you will see pivots here and there.
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