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Ever Sell Your Farm???

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Old 02-11-2009 | 06:01 AM
  #11  
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Default RE: Ever Sell Your Farm???

ORIGINAL: nick_bleuer76

If you own your farm, or hypothetically if you don't, and times got extremely tough for you, would you ever sell your farm???
I am just curious, I own several hundred acres, that is a lot of dough!
Well Nick how much did you pay per acre for your land? And how much do you believe its worth is at today prices?
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Old 02-11-2009 | 06:10 AM
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Default RE: Ever Sell Your Farm???

I wouldn't sell my wife and I have been talking and if we had the money right now we would buy all the land we could. Land is moneya nd the longer you hold on to it the more money you have. So the only way I will sell any of my land is to buy bigger and better or to avoid bankrupcy.
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Old 02-11-2009 | 06:33 AM
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Default RE: Ever Sell Your Farm???

Dunno if i would call my two tracts totaling 29 acres of wooded creek bottom a "farm," but I would probably work as a male prostitute servicing truckers at the local rest area for money before I would sell the largest piece. Thesmaller piece I would let go for $5Kan acre, but that's because wooded bottom land in that part of Illinois is probably down to less than $1500 an acre now.
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Old 02-11-2009 | 06:38 AM
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Default RE: Ever Sell Your Farm???

Haha, $5,000 an acre...pffft.

We got $32,000 an acre to preserve our land throughaState program.Sold the rights to 27 acres. Solda few acres to a local guy and kept the rest.

ThatsEast coat inflation for ya !!
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Old 02-11-2009 | 07:47 AM
  #15  
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Default RE: Ever Sell Your Farm???

ORIGINAL: Lanse couche couche

Dunno if i would call my two tracts totaling 29 acres of wooded creek bottom a "farm," but I would probably work as a male prostitute servicing truckers at the local rest area for money before I would sell the largest piece.
Now that is a dedicated hunter there!!
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Old 02-11-2009 | 07:51 AM
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Default RE: Ever Sell Your Farm???

ORIGINAL: BlackFive782

Haha, $5,000 an acre...pffft.
Wow, 10 posts and your already talking like your better than us. Somehow I bet thats family land thats been around for a while.
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Old 02-11-2009 | 08:03 AM
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Default RE: Ever Sell Your Farm???

ORIGINAL: BlackFive782

Haha, $5,000 an acre...pffft.

We got $32,000 an acre to preserve our land throughaState program.Sold the rights to 27 acres. Solda few acres to a local guy and kept the rest.

ThatsEast coat inflation for ya !!
Welfare at its finest. And we wonder why our country is in such dire straits.
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Old 02-11-2009 | 08:04 AM
  #18  
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Default RE: Ever Sell Your Farm???

Well if things get much worse, you can look for me at an I-57 rest stop near you. I'll even give you the 10 percent HNI member discount.






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Old 02-11-2009 | 08:11 AM
  #19  
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Default RE: Ever Sell Your Farm???

ORIGINAL: Snook384

In Florida RIGHT NOW the going price for land that is out of the way is about 7k to 12k an acre. It all depends where you live. I have a buddy with 886 acres. He just got offered 13,500 an acre for the whole thing.

I loved it when he told me "well where would I go to hunt hogs". No sale and that is a lot of money.
At almost 12 million dollars for a little over 1 sq mile, it is no wonder that Florida is at the epicenter of the finacial mess.

I realize that they ain't making land anymore, but I swear some people have no sense, both the buyer for offering that rediculous amount of money and the seller for turning it down. The days of easy money are over folks. developers can't buy you track for an insane amount knowing he can subdivide it and come out on top. Just like the housing bubble, you can bet your arse there will be a land bubble too.
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Old 02-11-2009 | 11:05 AM
  #20  
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Default RE: Ever Sell Your Farm???

my familys farm has been around for 5 generations. my dad would never sell it and neither would i. i dont know what i would do without the farm in my life. it means everything to me. so the answer is no, we would never sell the farm
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