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<blockquote data-quote="regenwether" data-source="post: 779814" data-attributes="member: 5224"><p>Very good thread! I can tell there is some educated people here!</p><p></p><p>Few things. Prices are always too high. Anyone here buy feeder cattle? :roll: Time always weeds out the poor managers. We as a group are always in the "glass half full" category.</p><p></p><p>Few things in this part of the Country that has put a floor on land prices:</p><p></p><p>1031- without a doubt has had an influence. Mostly because of the growing housing market. This has dried up for the most part because of the market "pop" in the housing market.</p><p></p><p>Ethanol: Something to watch! This has been a major factor her in Iowa and elsewhere. Watch what Congress does when the Ethanol Subsidy expires later in the year. They did not extend the Bio-Diesel subsidy last year. Personally I think it would be the best thing for the Industry. If Congress does cut it there will be some short term pains. Land prices will either stay flat of fall for a few years.</p><p></p><p>Hunting- I understand this is a factor in of parts of the Country but not here for the most part. </p><p></p><p>Land Availability: There just isn't much land on the market. This also plays an Influence. This again will change because the Average age of the farmer here in Iowa is somwhere in the 60's.</p><p></p><p>Interest- My brother just bought a House on a 30 yr fix @ 4%. He payed 40 grand more than his old house yet his payment are only $40/month more. Great time to buy in that respect. (Perhaps it is the time to buy a house or an apartment?? :lol: )</p><p></p><p>I'm going to just keep plugging away and buy when something comes up. This is a Family operation and have no plans on selling.</p></blockquote><p></p>
[QUOTE="regenwether, post: 779814, member: 5224"] Very good thread! I can tell there is some educated people here! Few things. Prices are always too high. Anyone here buy feeder cattle? :roll: Time always weeds out the poor managers. We as a group are always in the "glass half full" category. Few things in this part of the Country that has put a floor on land prices: 1031- without a doubt has had an influence. Mostly because of the growing housing market. This has dried up for the most part because of the market "pop" in the housing market. Ethanol: Something to watch! This has been a major factor her in Iowa and elsewhere. Watch what Congress does when the Ethanol Subsidy expires later in the year. They did not extend the Bio-Diesel subsidy last year. Personally I think it would be the best thing for the Industry. If Congress does cut it there will be some short term pains. Land prices will either stay flat of fall for a few years. Hunting- I understand this is a factor in of parts of the Country but not here for the most part. Land Availability: There just isn't much land on the market. This also plays an Influence. This again will change because the Average age of the farmer here in Iowa is somwhere in the 60's. Interest- My brother just bought a House on a 30 yr fix @ 4%. He payed 40 grand more than his old house yet his payment are only $40/month more. Great time to buy in that respect. (Perhaps it is the time to buy a house or an apartment?? :lol: ) I'm going to just keep plugging away and buy when something comes up. This is a Family operation and have no plans on selling. [/QUOTE]
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