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<blockquote data-quote="stocky" data-source="post: 494462" data-attributes="member: 1150"><p>Beef, keep your eyes out for land that someone needs to sell in a hurry. Also look for land with few, if any improvements, so the price will be less.</p><p> Caustic, you are absolutely right about the land not always going up. Every so often it crashes and washes out the people who are in a tough financial situation. They lose everything.</p><p> Cfpinz, the things that caused our land to drop from 2,000 per acre in 1980 to 200 per acre for the next 15 years were, Horrible droughts for 3 years, 2 years of grasshoppers destroying everything, interest rates going to 23 percent, cattle prices falling from 1000 per cow to 200 per cow, feeder calves dropping from 1.10 per pound to 40 cents per pound, Round bales of hay going from 10 dollars to 60 dollars, dairy feed going from 3.50 per hundred to 17.00 per hundred, milk price going from 10 dollars to 3.25 per hundred, the outlawing of foreign ownership of Missouri farm land. All of these things and more contributed to the crash in sw missouri that destroyed most of the farmers and left hundreds of thousands of acres owned by banks for 15 years that they couldnt sell for 200 per acre. All of these with the possible exception of the foreign ownership rules could happen today. Also the other possible crash instigators today are fuel prices, fertilize prices, equipment prices, recession, depression, inflation. We live with those possibilities every day as farmers. It doesnt matter what land appraises for, it is only worth what someone will actually pay for it at that given time.</p></blockquote><p></p>
[QUOTE="stocky, post: 494462, member: 1150"] Beef, keep your eyes out for land that someone needs to sell in a hurry. Also look for land with few, if any improvements, so the price will be less. Caustic, you are absolutely right about the land not always going up. Every so often it crashes and washes out the people who are in a tough financial situation. They lose everything. Cfpinz, the things that caused our land to drop from 2,000 per acre in 1980 to 200 per acre for the next 15 years were, Horrible droughts for 3 years, 2 years of grasshoppers destroying everything, interest rates going to 23 percent, cattle prices falling from 1000 per cow to 200 per cow, feeder calves dropping from 1.10 per pound to 40 cents per pound, Round bales of hay going from 10 dollars to 60 dollars, dairy feed going from 3.50 per hundred to 17.00 per hundred, milk price going from 10 dollars to 3.25 per hundred, the outlawing of foreign ownership of Missouri farm land. All of these things and more contributed to the crash in sw missouri that destroyed most of the farmers and left hundreds of thousands of acres owned by banks for 15 years that they couldnt sell for 200 per acre. All of these with the possible exception of the foreign ownership rules could happen today. Also the other possible crash instigators today are fuel prices, fertilize prices, equipment prices, recession, depression, inflation. We live with those possibilities every day as farmers. It doesnt matter what land appraises for, it is only worth what someone will actually pay for it at that given time. [/QUOTE]
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