Farmland

Discussion in 'Real Estate' started by 2forISU, Apr 30, 2018.

  1. CTTB78

    CTTB78 Well-Known Member

    Apr 7, 2006
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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.
     
  2. twojman

    twojman Well-Known Member

    Jun 1, 2006
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    Being awesome
    Clive
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    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. :)
     
  3. dafarmer

    dafarmer Well-Known Member

    Mar 17, 2012
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    Who's the attorney, Dewey, Cheatem, and Howe? Last farm ground that sold( wet and no place to tile to) brought $6,400/acre. Cut up farm around an airport. Brought $1000 more than appraised for.
     
  4. CTTB78

    CTTB78 Well-Known Member

    Apr 7, 2006
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    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.
     

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