Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
NCGUY444 - "Seems to me that raw property is here to stay as far as being the investment of choice. I ain't rich by any means but I figure I would rather spend $50,000 on a piece of ground that will be around forever and have the ability to leave to someone than buy a truck or fancy house that eventually rots away."
I totally agree, raw land is where it's at, they aint making anymore of it.
Maybe that is why so many of the larger tracts of good farmland are listed as being sold to--------"an investor group"
They aren't shy about plunking down over $5,000 an acre for large tracts of good farmland and renting it out to farmers to farm it.
Just received the current edition of "The Land Report". Says midwest farm values are up 6% from last year and I know they were up alot from the year before. You would think that prices would be coming down due to depressed milk prices and less need from ethanol plants. While at the action in Carroll county Ohio I was talking to an Amish man and he said they sold the hilly ground down by him for over $4,000 an acre and it was not very good ground. Seems that farmland in the south is about half the price per acre than it is in the midwest. I know in SC you can still find it for $2,000 an acre. Here is some in Florida that seems pretty cheap I think in the near future that the Chinese are going to start bidding up land prices in areas destined for growth and in fertile ground.
I'm in central illinois and a neighbor of mine sold his land off at 1500/acre, which is cheap around this area (for farm land). The lowest i have heard was 500 acre in wyoming, selling 100 acres at a time, i think.
Having a deed to some cheap desert wasteland and 25 cents will get you coffee at Ma and Pa's Kettle in Cameron Missouri.
windmill to draw water out of a deep enough well and you could sustain yourself and family with a small garden. you may get lucky too and find out you're sitting on oil reserves.
windmill to draw water out of a deep enough well and you could sustain yourself and family with a small garden. you may get lucky too and find out you're sitting on oil reserves.
You used 3 key words in making your point......could,may, lucky......
Even in the deserts of west Texas, you'd be hard pressed to find and purchase land for less than $500 an acre. I was wondering if there was any cheaper land out there barring the Alaskan tundra. What are some of the cheapest rates you've seen in your state?
Would you sell a single acre of land at that price? Can you get to the land if you were to buy it?
I have 5 acres in ward county off a ranch road I can let you have for $1,500 plus closing costs. If interested let me know.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
