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Every Thing Else Board
Love of the land
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<blockquote data-quote="eric" data-source="post: 125170" data-attributes="member: 7"><p>Chuckie....lets see if I got this correct. His land is reappraised at $1400 an acre, but she should sell hers (right next door and connected to his) at $850 an acre? I love my brother, but not that much. Theres probably no way he has the assets to pay on a million dollar land payment, or he wouldnt be asking for help in here. Good luck trying to find a bank to give you $1,500,000 for raw land. I believe he just wanted to vent and let us all know that he hates to see the land go, as any of us would, but there's just no way to make the numbers work out for him to keep it. And why would the hunters pay more to lease the land than they would to buy it outright? Sure, they would save the taxes, but taxes on land in the country, ag exempt, probably would be less than one of those guys Hummer payments! </p><p></p><p>Best scenario to hope for....as stated earlier, let her sell out, and ask the hunters to let you continue to graze it, plant cover fields and such, thereby making yuou a little change in your pocket and hopefully you can continue to use the land as yo have been.</p></blockquote><p></p>
[QUOTE="eric, post: 125170, member: 7"] Chuckie....lets see if I got this correct. His land is reappraised at $1400 an acre, but she should sell hers (right next door and connected to his) at $850 an acre? I love my brother, but not that much. Theres probably no way he has the assets to pay on a million dollar land payment, or he wouldnt be asking for help in here. Good luck trying to find a bank to give you $1,500,000 for raw land. I believe he just wanted to vent and let us all know that he hates to see the land go, as any of us would, but there's just no way to make the numbers work out for him to keep it. And why would the hunters pay more to lease the land than they would to buy it outright? Sure, they would save the taxes, but taxes on land in the country, ag exempt, probably would be less than one of those guys Hummer payments! Best scenario to hope for....as stated earlier, let her sell out, and ask the hunters to let you continue to graze it, plant cover fields and such, thereby making yuou a little change in your pocket and hopefully you can continue to use the land as yo have been. [/QUOTE]
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