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Land Prices??? 1031's
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<blockquote data-quote="ronr" data-source="post: 169151" data-attributes="member: 3113"><p>flaboy. You asked about the Ten yr. Program. It is one our Grand Goverment Programs that is suppose to take Grain off the Market. It started back in the 80's when we were swiming in Corn. Basical the farmer gets paid to seed the farm down to grass for ten years. Not a bad deal for some of the older farmers.</p><p></p><p>The things is the Grain prices really never reacted other than a few yrs in the 90's. Now our productivity has brought us back to where we were. The Goverment has made it clear the support for such progams is slowing. </p><p></p><p>As I see it looking forwad there is going to be much more acres coming into the pipeline in the future. What does this mean for land prices??? Not sure. </p><p></p><p>Here in Iowa the Average age of the Famer is creeping up there. In the end...someone is going to have to farm those acres.</p><p></p><p>Outside People who are looking at this Farm land as an investment really should take a second look. We have been blessed with a Farm program which has distorted the real Farming income. In the County that I live in it is estimated that 46% of the land value is supported buy the Goverment program.</p><p></p><p>I understand that we live in a free and open market system. I'm not proposing a law outlawing the outside money. I feel as a guy in the business...they should take a second look at their R.O.I.</p><p></p><p>Hell...check out a C.D. Safe, Stable, and rising.</p></blockquote><p></p>
[QUOTE="ronr, post: 169151, member: 3113"] flaboy. You asked about the Ten yr. Program. It is one our Grand Goverment Programs that is suppose to take Grain off the Market. It started back in the 80's when we were swiming in Corn. Basical the farmer gets paid to seed the farm down to grass for ten years. Not a bad deal for some of the older farmers. The things is the Grain prices really never reacted other than a few yrs in the 90's. Now our productivity has brought us back to where we were. The Goverment has made it clear the support for such progams is slowing. As I see it looking forwad there is going to be much more acres coming into the pipeline in the future. What does this mean for land prices??? Not sure. Here in Iowa the Average age of the Famer is creeping up there. In the end...someone is going to have to farm those acres. Outside People who are looking at this Farm land as an investment really should take a second look. We have been blessed with a Farm program which has distorted the real Farming income. In the County that I live in it is estimated that 46% of the land value is supported buy the Goverment program. I understand that we live in a free and open market system. I'm not proposing a law outlawing the outside money. I feel as a guy in the business...they should take a second look at their R.O.I. Hell...check out a C.D. Safe, Stable, and rising. [/QUOTE]
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