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

[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.

[fjlip]

Good bye to 45 years of farming.

"Return on investment for land needs to be calculated based on your average land cost over your farming career."

Disagree, every purchase must pay for itself or you are diminishing your total net worth. Or it's just, "more than you need to feed greed"

[hedgehog]

you guys dont know how lucky you are with all this land available.
my family have farmed in scotland for at least 150 years, and never managed to buy anything.
i have tried and now given up, with land at £8,000 per acre, banks tightening up and every a hole from the city chasing it, i have no chance.

[freewheat]

Hedgehog, some area have had land in
massive supply, some not so much. I am
in a place where land changing hands is
very infrequent. Lots of young guys,
lots of hardy peasant stock from
Germany. Farms here are much smaller
than average because of this, and other
factors. But yeah, some areas are nearly
empty compared to here. I can stand on
my driveway, and count 12 or more farms
within a 3 mile radius. Not entirely
typical. Growth is slow for everyone
here.

A lot of times, you read in the farm
magazines of how a farm grew from 2000
acres to 12 000 acres within 10 years or
less. Well, because of the above young
farmer factor, I would say there has not
been 12 000 acres for sale anywhere near
me in my 20 year farming career! lol