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Buying a farm
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<blockquote data-quote="Ebenezer" data-source="post: 1581659" data-attributes="member: 24565"><p>Is the price low because it is a deal or because of low demand? If low demand and little chance of appreciation of value you ought to offer less in case you ever have to sell. There is low priced land within 50 miles of us. But there are reasons that it is priced that way and nobody has bought it. Go 50 or less miles the other way and it is sky high in price. </p><p></p><p>I would also go by NRCS or look on the web soil survey and see what soil types are on the farm. Wetlands are a big flag and thin rocky soils or poor soils are a cost or a limitation that will cost you money or never get fixed. </p><p></p><p>And if you buy and cut timber, leave shade areas of trees that are less merchantable.</p></blockquote><p></p>
[QUOTE="Ebenezer, post: 1581659, member: 24565"] Is the price low because it is a deal or because of low demand? If low demand and little chance of appreciation of value you ought to offer less in case you ever have to sell. There is low priced land within 50 miles of us. But there are reasons that it is priced that way and nobody has bought it. Go 50 or less miles the other way and it is sky high in price. I would also go by NRCS or look on the web soil survey and see what soil types are on the farm. Wetlands are a big flag and thin rocky soils or poor soils are a cost or a limitation that will cost you money or never get fixed. And if you buy and cut timber, leave shade areas of trees that are less merchantable. [/QUOTE]
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