Yes it is true land prices are rising astronomically yet should have gotten in when at 1000 per acre

[freewheat]

I mean it in a good way, not a derogotory
way, btw.

[cottonpicken]

14% growth means land prices double every 5 years.

If interest rates goto 18% your money in bonds
doubles every 3.8 years.

This is what happened in the early eighties,not that
this is going to happen again,just showing
perspective.

[ALLFARMER]

I always try (and do) to get ahead a little each
month. It surprises me how many guys will take a
little pay check and work 8 to 5? They just want to
make enough to get by and their happy. Actually
some guys don't even do that, can't even support
their own families....pure laziness.

I tried helping a guy last winter who wasn't fitting
into the community got him a job hauling logs was
helping him get his licence. Was going to make
good money for his struggling family. Then that
job fell thru so he didn't bother finishing getting the
licence. Let him some money to write the test he
failed a couple times just barely then finally go it.
Pissed me off he didn't take the driven. Smart
healthy guy just small things trip some guys up in
life and then they quit trying.

In Alberta if you work hard and smart anyone can
be wealthy. Endless amounts of work.

[agstar77]

Sioux county Iowa land auction 21900 per acre for 80 acres.

[SASKFARMER3]

We're not Iowa, not even close.

[ALLFARMER]

So 3.5 mil for a Iowa quarter. So if we're 10
percent of that 350,000 sounds reasonable.

[ALLFARMER]

Sorry some of my sentences are hard to decipher.

On long straight stretches of quiet road I read/type
a little.

[liberty]

No farmer should focus solely on what land costs today. I know farmers who do this time and again with the result that they never expand their land base and consequently have to quit farming because their business model becomes non-viable. Successful businesses have to learn to accept and manage risk. If you don't, you are finished.

If you've been farming for 40 years and buying land steadily over that time, your average land cost is still pretty low even if you bought a bit more today and paid top dollar. Of course, if you doubled your land base today at these prices it would be awfully hard to justify. But few farmers ever do that.

Starting farming from scratch today with land prices the way they are would be virtually impossible to do. But that holds true at almost any time in history.

Return on investment for land needs to be calculated based on your average land cost over your farming career. If you don't do this, say goodbye to your farming career.

[freewheat]

Goodbye farming career. I am toast.

[hobbyfrmr]

Good bye farming career.