Agree, economic factors are not trending the right way. But what surprised me is that there were no neighboring farmers, who do have the capital, didn't even through in a low ball offer.
Farmland
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Agree, economic factors are not trending the right way. But what surprised me is that there were no neighboring farmers, who do have the capital, didn't even through in a low ball offer.
Were there minimum bids needed for those auctions? This could be a factor. I'm just trying to relate this to stuff I know happens in other parts of business as I am NO farm expert. The neighbors could have had an idea to deploy their capital someplace else.
If possible, I'd hold off for a year or year and a half. I just think there will be a lot more clarity across the board at that time. People like clarity, especially when it comes to their pocketbook.
If possible, I'd hold off for a year or year and a half. I just think there will be a lot more clarity across the board at that time. People like clarity, especially when it comes to their pocketbook.
No, different firm. Both farms he was referring to were good ground with farms in that same area selling for $11,000-12,000 in the last year.
