Purchase 9-12,000
Rent 350-550, a lot of the land lords are getting 100% of the rent up front and some of those big numbers are for 2+ year leases
Pasture and hay ground, there isn't any left. Everything that could be tilled up and farmed, and even a lot of the stuff that couldn't, has been ripped up and gone to corn.
here in south east NC , row crop for Tobacco can run 150$ -200 , most any will rent for $100-125. pasture is hard to get unless it is on a hog farm and used for spray fields , and they are hard to come by, a few larger outfits have rentd up alot of them or the owner has 20-40 cows thier self. Purchase prices for farmland is $4-5000 per acre
Wooded or brushy deer hunting land is about $2000 per acre. Some plow ground is being planted to trees using the CRP program...
Farm ground about $1500 per acre unless it is sandy and can be set up with a center pivot, then it is more. Some of this land will cash flow with cattle :cboy:
Marsh is about $1000 per acre.
rent prices if you can find the land is $20 more or less.sell prices vary.i know wheres theres 37acs for sale that they want $2000ac.but its not worth it in my eyes.only worth $1000 to $1200 in my eyes.