Land Watch

[jamshundred]

I was browsing the May issue of Progressive Farmer and they have a column of recent farmland sales.  These prices are interesting.

Arkansas - Woodruff County 424 Acres - sold to a local investor for $1,462,800 or $3450 per acre.  This is land that is 100% irrigated but completely susceptible to flooding.

Colorado - Pueblo and Otero counties.  382 acres sold at auction in five tracts for $2,167,890 or an average of $5675 per acre.   19 shares of the Oxford Ditch water shares sold for $12, 234 per share.  ( Whatever that is)
I am not used to people having to buy water rights.

Georgia - Terrell County.  102 acres in planted pines and hardwoods  sold at action to a local investor for $1650 per acre.

Indiana- Green County.  160 acres of strip-mined land, converted into recreational hunting land sold for $2747 per acre.  Land had a restaurant, cabin skeet/trap range and sporting clay range.

Kansas - Finnery County.  800 acres, 789 were tillable sold at auction in three tracts to one buyer for $2180 per acres.  Another 960 acres in Gove and Sheridan counties sold in five tracts for  an average of $2430 per acre.  It included 867 acres of cropland the rest was pasture.

Louisiana - Morehouse Parish.  1088 acres, including 1010 tillable acres - private sale for $4734 per acre.  Property was precision leveled and included four ground wells with a large pump on bayou on the property.

Missouri - Callaway County.  1252 acres sold at auction for $7,151,831 or $5712 per acre.  985 tillable and 267 recreational.

Nebraska - Merrick County  156 acres sold at auction to a local farmer for $1,170.075 or $7500 per acre. 141 tillable acres with gravity irrigation a home and the remainder in woods and roads.

( Boy - that Nebraska land seems high!)  How can anyone get started and pay the mortgate with that kind of initial investment?

Judy

[genebo]

The price of the Georgia land is about the same or lower than the same type of timber land around here.

The Arkansas and Louisiana land is probably rice growing land. I once visited one of my uncles who lived about half-way between the two properties. He had immense equipment hangars where he kept his laser-directed land levelers. He ploweded rice crop land so flat it could be flooded with just 2" of irrigation water.

[lakeportfarms]

I think I drove by this place a couple of days ago... and was thinking I'd love to have this type of setup. We have some good friends with a similar situation, except their house is on the lake side and their farm is on the opposite side of the road. Since the road (M-25) runs a few hundred feet from the lake shore in most places it's not possible to have a farm right along the lake, but you can have it on the inland side of the road. I love our friends farm...it's really pretty looking at the Dexters and Highlands (they purchased them from us) with the deep blue lake right across the road. If we didn't have ours all set up already, this place would be tempting! There is almost always more land adjacent to these parcels for expansion if you can convince the owner to sell!

listings.listhub/pages/MIREAL/31239149/?channel=secondspace

[lakeportfarms]

Of course, sometimes you just want to really get away from it all. Just picture walking around and checking on your Dexters munching on the grass at a place like this:

[wvdexters]

I think I'd take the first over the second, but I guess it could have its good points too. No worries about cows getting out and getting into trouble. LOL