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Cattle Boards
Grasses, Pastures & Hay
Reclaiming land for haying
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<blockquote data-quote="rocfarm" data-source="post: 1780141" data-attributes="member: 42715"><p>Must admit you have more experience.</p><p></p><p>Just saying things have been crazy. That same friend bought 50 acres four years ago using a loan. Thought he was crazy to do that, too. But then interest rates went to 2.8 percent, he refinanced his house and paid off the land and those solar panels, and everything went up. He's basically just got to save cash for retirement now as his future retirement recreation and house are pretty much taken care of, and he's 44!</p><p></p><p>But in general, I agree with you. If the man renting the 45 acres is going to clear the land, that in-and-of itself might be a steal, especially if that increases the land value.</p><p></p><p>But this is the kind of thing I'd say break out the spreadsheet for.</p></blockquote><p></p>
[QUOTE="rocfarm, post: 1780141, member: 42715"] Must admit you have more experience. Just saying things have been crazy. That same friend bought 50 acres four years ago using a loan. Thought he was crazy to do that, too. But then interest rates went to 2.8 percent, he refinanced his house and paid off the land and those solar panels, and everything went up. He’s basically just got to save cash for retirement now as his future retirement recreation and house are pretty much taken care of, and he’s 44! But in general, I agree with you. If the man renting the 45 acres is going to clear the land, that in-and-of itself might be a steal, especially if that increases the land value. But this is the kind of thing I’d say break out the spreadsheet for. [/QUOTE]
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