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Old 03-09-2008, 12:23 PM
 
Location: acton california
17 posts, read 70,266 times
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any hope of finding 80+ fenced acres under 200,000$?
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Old 03-09-2008, 09:35 PM
 
Location: North Alabama
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It's beginning to look like the answer is no. Per an article in this month's Progressive Farmer magazine, recent land auctions handled by Kurtz Auction and Realty Company, Owensboro, KY, resulted in prices of from $3,960 to $5,267 per acre. These properties ranged from 105 to 324 acres. Falling stock markets, an abundance of inherited money floating around as the greatest generation passes on, and the ethanol-based corn boom are amongst many factors that appear to be driving land prices higher not only in Kentucky but in almost all rural areas.

I have seen some land in areas outside the Lexington area for significantly less, but the usual factors apply: remoteness, challenging terrain, soil quality, etc.
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Old 03-10-2008, 10:17 AM
 
Location: acton california
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Thanks for responding nalabama.It appears i may have to begin to weigh factors.I can tolerate a fairly high degree of remoteness but terrain unsuitable for pasture would defeat the purpose of acreage.How far out of Lexington<preferable south> are we talking
?
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Old 03-10-2008, 12:15 PM
 
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80 acres with a house, or just land? And fenced with four-rail, or any kind of wire fencing? That much cleared and fenced land with a nice house is going to be high, I think. Do you need to be south of Lexington? And if you can go a little higher in price, you might have more options....or maybe out towards Bowling Green, prices might drop more (not sure). Or, if you're just looking for land, that's easier.

edit: do you do reining (re: your screen name )

Last edited by Toria; 03-10-2008 at 01:36 PM..
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Old 03-10-2008, 01:32 PM
 
Location: North Alabama
907 posts, read 1,937,645 times
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noslidenoride, about six months ago, there was over a hundred acres for sale deep in the northwest corner of Madison County for about $1800 per acre IIRC. It was being used for cattle, so it was fenced, but it looked like most of it was hilly. There were some outbuildings as well. That's just an example of what you might find on the Lexington or Madison County Board of Realtors sites if you search for acreage in the under-$2500 an acre range. And the way prices are going up for KY acreage, that same property might be $2500 an acre these days.
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Old 03-11-2008, 03:07 PM
 
Location: acton california
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Toria thanks for responding.......i was hoping for horse fenced land only.......any kind of fixer upper to live in while we build would be a bonus...is the country as pretty in bowling green as opposed to lexington or corbin?..and yes i'm a reining horse trainer...we're moving there to take advantage of the Kentucky Breeders Trust.....where would be the best place to stand several studs and have a training and sales fitting barn?
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Old 03-11-2008, 03:11 PM
 
Location: acton california
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nalabama we can certainly tolerate a bit of remoteness in exchange for price.....and some woods would be acceptable .....but as to fencing we'd require horse friendly fencing....four rail etc...
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Old 03-11-2008, 09:16 PM
 
528 posts, read 2,275,478 times
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There was an article in the Lexington paper a couple weeks ago, saying that farms here are selling really well right now, because the QH folks are all coming here . Interesting to read that, as it's traditionally been TB country, and some sporthorse farms for eventing and hunter/jumpers, etc. Nice to hear the breeder incentives will bring others in as well !

Anyway, back to your questions - if you can find it, large acreage with good clean pasture AND horse fencing is going to be expensive, even well outside of Lexington...definitely more than $2500/acre. Mostly when you see raw land available, it will have been broken up from large cattle operations, so you'll probably just get agricultural (wire) fencing - that's the kind of land that will fall into the $3K and up/acre pricing.

I'll send you a direct message with a couple ideas on where to look, since we're not supposed to list realtors on here....
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