Ever Sell Your Farm???
 

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!

RE: Ever Sell Your Farm???
 

Well...My dad was a Deere dealer and was able to buy 3 farms in the late 60s and then we bought another in '76 after he died and we had to sell the dealership...He used to say that a farm only becomes avaliable once in a person's lifetime and that is usually true...

These farms are loaded with deer, bear, turkey, beaver, ducks, geese, squirrels and rabbits...All total there is about 850 acres and total worth is around one million...

Fortunately I have 2 brothers and a brother-in-law that also like to hunt, so I don't truely think we will ever have to sell...

But...If a major hotel chain, WalMart, etc offered a ridiculous price,we could sell one and have 3 left...:D

btw...5 grand an acre, no way...

RE: Ever Sell Your Farm???
 

Is 5k cheap or way high???

RE: Ever Sell Your Farm???
 

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":D. No sale and that is a lot of money.

RE: Ever Sell Your Farm???
 

Nick...It's been a few years since I've priced farm land...But 8-10 years ago in eastern NC farm land was bringing $1,000-1,500 an acre...In Iowa, where you are it would run $1,200-$1,800 an acre...
Now, these are very rough figures and don't consider highway frontage, buildings, creeks, etc...

Here in NC, the growth of cities and developement is ruining the family farm...In 50 yearsif you don't own land in NC you probably will not be able to hunt on private land...

RE: Ever Sell Your Farm???
 

Once I have one....only if I had to....or to upgrade get a bigger tract somewhere else....

RE: Ever Sell Your Farm???
 

I don't think nobody could truley answer this question till it was on the table.

RE: Ever Sell Your Farm???
 

Here in central Wi. wooded land is going for $7000 an acre,some was sold right across the road from me. THe taxes are really going up, kinda hard to stay on the land. I will holdout as long as I can, probably until I die. We own 90 acres.
RC

RE: Ever Sell Your Farm???
 

Land prices have really fallen off in our area in the last year. A few years ago timber land was $5,000 + an acre and lately I havn't heard of anything over $1,500 an acre. Selling my land would be a last resort due to economic reasons. It will be deeded to my grandchildren in a few years.

RE: Ever Sell Your Farm???
 

Here in NW Ohio where I live the ground isn't that good we have hard clay which is a pain but land is up to around 6-8 thousand and acre here. I think out west in Iowa and areas where there is more fertile farmland land was selling around 10 thousand an acre just about 2 years ago. During the ethanol/corn boom. Now it is probably receding in value some but I have not seen any auctions or sales lately to tell you what the going price is. We don't have a lot of timberland mainly crop production rural area. I refuse to let my parents sell the land they have and I know they won't and I don't plan on it either. The land we own doesn't have any woods on it but it provides for some of the best groundhog hunting that I can get at.:)

RE: Ever Sell Your Farm???
 

Well Nick how much did you pay per acre for your land? And how much do you believe its worth is at today prices?

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.

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.

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 !!

RE: Ever Sell Your Farm???
 

Now that is a dedicated hunter there!! :D

RE: Ever Sell Your Farm???
 

Wow, 10 posts and your already talking like your better than us. Somehow I bet thats family land thats been around for a while.

RE: Ever Sell Your Farm???
 

Welfare at its finest. And we wonder why our country is in such dire straits.

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.

RE: Ever Sell Your Farm???
 

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.

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

RE: Ever Sell Your Farm???
 

Good for you. I wouldn't sell my wife either.:D

RE: Ever Sell Your Farm???
 

I would work 24 hours a day if it came down to it and I had to save my family's farm.
It will never get sold.

RE: Ever Sell Your Farm???
 

I wish I could own a farm in the worst way, or maybe at least own some land. If I owned one, I would never sell it at all. Well, maybe I could go to Norway and reclaim the ole family farm, but there aren't deer there!

RE: Ever Sell Your Farm???
 

here in iowa, a prime piece of farmland will run you right between 9000 and 12000 an acre. 5 grand ain't nothing.

RE: Ever Sell Your Farm???
 

While some may find this very hard to believe, there's a very small, very wealthy town called Gladwyne in Lower Merion Township, Pa where an acre of land goes for in the neighborhood of $1,400,000. That's no lie! People in that area often buy a million dollar home, have it razed, then have a larger more expensive one built!
I live only a mile and a half from there. What a difference that little bit of distance makes.:D:D:D:D

RE: Ever Sell Your Farm???
 

Around my area, try between $3000 and $6000 for farmable land, it is a little bit lower now.

RE: Ever Sell Your Farm???
 

Yeah, the price of land in a state is always gonna vary. There is a vast difference between what you would pay for farm land on the outskirts of the greater Chicago area versus what you would pay for it in Edwards county. Likewise, I think that there would be a vast difference between the price of farmland outside of Des Moine versus wooded bottomland outside of Muscatine.

RE: Ever Sell Your Farm???
 

no way

RE: Ever Sell Your Farm???
 

it has took me many years to build up my land started out renting a dumpe trailer i own a touch over a thousand
acers and i wouldnt sell for 5000 an acre maybe a small pice somewhere to hold on to the rest but not all of it noway