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RE: Second Day Land Auction Results
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mikeswoh
Posted 3/15/2019 14:38 (#7382339 - in reply to #7382166)
Subject: RE: Second Day Land Auction Results


What kind of yield would you need to pay 18000 per acre of ground with your cost of production? If you would want a 3% return on $18000 that's $540 per acre cash rent now you might be able with good yields to squeeze out some profit with corn but beans don't have much chance. Setting in your recliner watching TV all day while putting that money in a S&P index fund would've given you double digit returns already which seems a lot smarter than paying $18000 per acre for farm ground. That's not much different in price than the high northern Iowa farms during the $7 corn days. Gotta be a better investment available even with $50/bag Epley, generic chems bought online, river non gmo + basis, river terminal fert, 18k gal propane, 18k gal nh3 and all of this is bought during off season and stored on farm.
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