If you sold your land in the last 10 years your stupid

[hedgehog]

anyone can make money on a rising market.
what happens when it falls?

[bucket]

I remember 1996 and on, it hasn't exactly been a rising market until the last 3 or 4 years. Good on you allfarmer.

[sumdumguy]

What you say is what you are!

[crusher]

I sold a farm 5 years ago, made my life a
great ride ever since. Each to his own.

[freewheat]

All farmer, sounds like you have been
LUCKY. Not saying you didn't have
ambition, but 10 million tonnes of
ambition does not always translate into
good fortune of wicked land
appreciation. I do not think your land
appreciation is very typical. At least
here, land has scarcely appreciated at
all, hence, guys like me with ambition,
but stagnant land values, are less
lucky.

By the same token, at least land here is
still affordable. Glad for you all the
same...

[liberty]

An Italian fellow bought my parents' land in 1978 for $600 an acre. He farmed it until 1991 when he sold it for $600 an acre.

Granted he made money farming it, but he was disappointed by the lack of capital appreciation, which gets even worse if you factor in inflation.

I wouldn't criticize anyone for selling because you are nearing retirement and/or the kids don't want to take over. If the alternative is to work yourself into an early grave, what's the point in holding on?

[furrowtickler]

How long did it take land values to "correct" after the 80's meltdown? 3-4 years? I know for a fact they dropped 50% here then held steady for a long time. The current rise has been astromical in the time period given.
I know it is different this time, but every corection is different and unpredictable as well. It took 15 years or more to get back above the mid 80's values in this area.