Joe Burrow and Others purchasing Iowa Farm Land

intrepid27

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Oct 9, 2006
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Marion, IA
Buying farm ground in Midwest today and trying to pencil out a return ( within a 5-7 year span) is almost impossible. There are multiple entities, both publicly traded and privately held that buy farm g round for individual investors or even large hedge funs like TIAA Cref. Today actual farmers are paying too much in the Midwest and most of these firms are buying ground else where.

Personally, this does not bother me Because most of these individuals or entities will eventually sell out. The one that I like the least is the Morman Church. They have been one of the largest ag landowners in the country for a long time. And that ownership will go on indefinitely, long after Bill Gates, and Joe Burrows are gone.
 
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Peter

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For farm land? No. That's development prices.

This will be a popular investment for athletes though. Raef LaFrentz bought some farmland in Mitchell County last year (north of St Ansgar near the MN border). I ran into him leaving the St Ansgar Casey's a few weeks later.

Random sidebar, but I just happen to see him out and about like 5 times a year. Granted, there aren't many 7 footers in Decorah, but it always surprises me.

 

Al_4_State

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Raef LaFrentz has 4 sons that go to Decorah. Will be interesting to see how good they end up being.
The first time I saw him out in public after I moved to NEIA, I went on a minute long spiel to my wife (we were eating supper at the same restaurant he and his wife were) about how he went to Kansas but lost to ISU in the final Big 8 championship.

It was very much the real version of the meme of a guy in a bar yelling into the girl's ear while her eyes are glazed over.
 

06_CY

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The first time I saw him out in public after I moved to NEIA, I went on a minute long spiel to my wife (we were eating supper at the same restaurant he and his wife were) about how he went to Kansas but lost to ISU in the final Big 8 championship.

It was very much the real version of the meme of a guy in a bar yelling into the girl's ear while her eyes are glazed over.
Can't picture you doing that at all...
 

isufbcurt

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Apr 21, 2006
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Newton
Buying farm ground in Midwest today and trying to pencil out a return ( within a 5-7 year span) is almost impossible. There are multiple entities, both publicly traded and privately held that buy farm g round for individual investors or even large hedge funs like TIAA Cref. Today actual farmers are paying too much in the Midwest and most of these firms are buying ground else where.

Personally, this does not bother me Because most of these individuals or entities will eventually sell out. The one that I like the least is the Morman Church. They have been one of the largest ag landowners in the country for a long time. And that ownership will go on indefinitely, long after Bill Gates, and Joe Burrows are gone.

So the Mormons are buying ag land and the Scientologists are buying cities.
 

trevn

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The first time I saw him out in public after I moved to NEIA, I went on a minute long spiel to my wife (we were eating supper at the same restaurant he and his wife were) about how he went to Kansas but lost to ISU in the final Big 8 championship.

It was very much the real version of the meme of a guy in a bar yelling into the girl's ear while her eyes are glazed over.

Raef's wife is from my hometown and her brother was a pretty good basketball player as well. Played for Creighton. Her dad pitched in the minors as well. Raef's kids definitely have good genes.
 

Statefan10

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Raef's wife is from my hometown and her brother was a pretty good basketball player as well. Played for Creighton. Her dad pitched in the minors as well. Raef's kids definitely have good genes.
I believe the oldest son is a freshman right now and is at least 6'8" already.
 

JP4CY

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Since other names are being brought up Turk Wendell has a big ranch by Adel.
 

cymac2408

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I have 160 acres just a mile south of Lake Rathbun. It’s going for around $4500 an acre. Farmland up north is better farmland and it goes for a lot more money per acre.
 
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madguy30

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Pretty sure Gallery has some land near his home town.

JJ Watt has some in WI.
 

TClone99

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Would be interesting to see if the land is in an area that could be developed within the next 10-20 years as that is about the only reason you would pay that much an acre. It says northern Iowa so that is pretty vague. I know some farmland near my parents in Dallas county that recently went somewhere around the 12-14k an acre range but it is actually farmland and nowhere near somewhere that is going to be developed.

Also know some people that have been farming for multiple generations just west of Waukee that finally caved in and sold some of their land to a development with the condition that they would be able to farm some land that developer owns just south of them that they aren't building anything on yet so they still are able to keep farming roughly the same amount of acres they were before they sold them the land.
I know a farmer with land around Granger that developers really want. He tells them find me 2 acres of good farmland somewhere else for every 1 of mine you want and we’ve got a deal.
 

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