Anyone still thinking about buying land?

[monte]

I an getting nervous about grain prices and interest rates. Do you guys think land has peaked? Is it still a good buy?

[farmaholic]

How competitive is it where you live, some places have cheaper prices than others. My theory on land prices is we are going to see a correction in these high prices, I am not saying the bottom is going to fall out but.... When things get tough, which they always do, they will level off and probably drop(can anyone find a chart). I still think land is a good investment but I don't know if now is the time. Land prices fluctuate like all investments but the trend is usually up over the long term. Funny, when ever I bought land, at the time I thought it was too much but 5 to 10 years later I look back and think it was cheap. Remember the early 80's, history will repeat itself!! I AM NOT A PESSIMIST, I AM A REALIST!!! (and I hope I am wrong)

[Hopperbin]

I don't think we are done with the correction up yet. Actually split on the subject. On one side the Chinese and other investors are likely showing profit on paper, something us farmers most of times forget to look at. On the other side million dollar income stabilization payments to the very big farmers could come to an abrupt halt any time.

[boarderbloke]

The US congress has been cutting ag programs, and more than ever there is talk of europe cutting ag subsidies. Are/were these ag programs a floor(support) for ag commodities and land or were they supressive to real prices?
Perhaps it depends on the grain?

If Europe and the USA slash ag subsidies/programs, will grains increase in price ? or were the prices inflated due to the subsidies and in turn drop? Land prices should be tied to the value of grains.

[malta]

I don't consider the purchase of land now to be a good investment. I would still buy with cash but would not do any purchases with debt. Looking at the next 5 years, I would give a 60% chance of price declines, 30% of steady prices and 10% for price increases. The reason I would still buy with cash is the chance of significant inflation. If that happens land is the best bet.

[pgluca]

Malta you are right on. If you have cash the inevitable inflation (caused by the US increasing it's money supply to try and handle its debit) is going to nail all your savings. That's why real property is having it's value pushed up. Where do you maintain the value of your liquid assets?

[BTOfarmallll]

I am always thinking about Buying More Ground. Thats all I care about in Life is Buying/Renting More Land, More Land, More Land. Sad Ain't it?????

[Burbert]

Anything yous kin get your greedy little
hands on, grab. Get big, er bigger er
get outta the way cousin yous gonna get
runned over! Suck it up and pay
whatever, after all our dirt is just as
good as that in the u.s. and the sky is
the limit. FREEDOM doesn't come cheap.
Get it now er the neighbour will grab it
away from under your nose. Buy rent or
better yet steal thee land from an old
farmer whose lost his mind, er get him
ta put ya in his will cousin hes got
nobody else fer a friend except
yous........

[ALLFARMER]

3 quarters by mine (gov. land auction)were
passed over, no bidders at 30k minimum. 2
months later they reoffered and they sold form
between 55k to 63k each. Thought I would take
all 3 for 100k, went home with one for 55. Overall
I got 3 for 110k

[sumdumguy]

BTO, you gonna look for the taxpayer to bail you
out later! Guys like you have come and gone in
every community. They come galloping in, guns
blazin, then oops, numbers dont work, get truck
drivin job, so much fun!

[Ruken]

The price of land has left agriculture behind a very long time ago. There are many reasons a person may want to own land and agriculture productivity/profit is only one of them. The value for agriculture is much less than current prices, anywhere.

[burnt]

Ruken - "The price of land has left agriculture behind a very long time ago. There are many reasons a person may want to own land and agriculture productivity/profit is only one of them. The value for agriculture is much less than current prices, anywhere."


BINGO!