Your farm is worth less than you think.

[Sheepwheat]

So if you were offered that right now you'd walk away?? Money talks Sheep.
I don't think you would based on your posts.

I would sell a couple outliers for sure. Keep the chunk at home. Play farm with my millionaire status. Fence her all! Plant more trees! Lol

[dmlfarmer]

I would sell a couple outliers for sure. Keep the chunk at home. Play farm with my millionaire status. Fence her all! Plant more trees! Lol

if the doomsayers on here are right and cash will become worthless and the stock market is overvalued, and real estate is dropping because of the upcoming economic crash, what would you do with that money from the sale?

[Sheepwheat]

if the doomsayers on here are right and cash will become worthless and the stock market is overvalued, and real estate is dropping because of the upcoming economic crash, what would you do with that money from the sale?

Lol. I think I’d buy fences, forage seeds galore, and a shwack of sheep. Buy many fuel tanks and fill them to the brim. Same with oil. Ammunition/reloading equipment, and all the guns to go with it. Get a modest solar panel setup. Would continue living like a king way out here.

Any money left over, I would give to my favorite charity that works to help the poor in Honduras. They are in dire straits right now being hit with two nasty hurricanes. We think we have problems? There’s some real hurt in other places that could sure use the help. We are such a materialistic bunch as a whole.

Ahh heck, maybe if money was useless, I would just give it all away if I knew far enough ahead of time... I don’t have a whole lotta needs. Gimme the ammo and guns, I’d make do. Lol

[blackpowder]

if the doomsayers on here are right and cash will become worthless and the stock market is overvalued, and real estate is dropping because of the upcoming economic crash, what would you do with that money from the sale?

I would pay off some debt. The rest would have to wait.
Problem is, once you're out of a particular asset class, you're out.
Completely out of real property and you're at the mercy of inflation.

[Oliver88]

So if you were offered that right now you'd walk away?? Money talks Sheep.
I don't think you would based on your posts.

I think if I was in an area paying 5k per cultivated acre I’d consider selling some and buying 3x the acres in an area where you can pay 1200-1500.

[GDR]

I think if I was in an area paying 5k per cultivated acre I’d consider selling some and buying 3x the acres in an area where you can pay 1200-1500.

Could be opportunities but do you not think the cheaper areas are cheaper for a reason? Could get yourself in a worse position. Are they cheaper because they net less or is it because of other less appealing factors such as location, future potential, climate? It is too bad its not all the same but modern farming has narrowed the gap a bunch.

[farmaholic]

In some cases farmers have to stop thinking land only has agricultural value.

Acreage potential.
Easement potential
Urban development
Aggregate potential
Speculative potential

"Agriculturally", land's ability to pay for itself hasn't kept pace with the parabolic appreciation in land prices some places, while others were already at that stage.

That's what alot of loose cash sloshing around looking for a home can do.

[Oliver88]

Could be opportunities but do you not think the cheaper areas are cheaper for a reason? Could get yourself in a worse position. Are they cheaper because they net less or is it because of other less appealing factors such as location, future potential, climate? It is too bad its not all the same but modern farming has narrowed the gap a bunch.

It would depend on the example. The example discussed above has Ab7 mentioning he can’t buy a quarter of land for $750,000 in central AB. I’m assuming the factors listed are all factors building this land price.
He can’t expand because a section is $3million. There is a lot of areas where farmland is priced significantly lower than this level and is quality land but will be further from a major city, etc.

[Horse]

I left the county or red deer in 73 land was $200/acre some with livable buildings some bare land I,didnt see any way to pay for it,bought here nw edmonton $40/acre now probably 1400 to 2000/acre 4000% increase.
RedDeer would need over $8000/acre to compare to this land,for inflation of course reddeer land is better land by far.

[ajl]

I left the county or red deer in 73 land was $200/acre some with livable buildings some bare land I,didnt see any way to pay for it,bought here nw edmonton $40/acre now probably 1400 to 2000/acre 4000% increase.
RedDeer would need over $8000/acre to compare to this land,for inflation of course reddeer land is better land by far.

If you can actually get that for boonyville, is it not time to put somebody else's name on some parcels? Mediocre land is on its way down. I am a nobody and am picking up rental ground now so will be seeding some more land in the spring. Have to be careful to keep rent down so that the operator makes some money though.