$8.7 million for 2117 acres of farm land SOLD!

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jltrent
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$8.7 million for 2117 acres of farm land SOLD!

Postby jltrent » Thu Mar 15, 2018 3:38 pm

https://www.farmforum.net/2018/03/15/fa ... million-2/

An $8.7 million price tag was placed on Faulk County farm land after about an hour of bidding last week.

That’s how much bidders were willing to pay for 2,117 acres of Faulk County land sold by brothers Anthony and Joshua Meier on March 7.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby TennesseeTuxedo » Thu Mar 15, 2018 5:26 pm

Sounds reasonable.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby slick4591 » Thu Mar 15, 2018 6:36 pm

Cheaper than it would have been here.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby Bigfoot » Thu Mar 15, 2018 7:58 pm

You couldn't touch it for that here. In my head, that's a shade over 4K an acre.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby Dave » Thu Mar 15, 2018 8:38 pm

I am buying a ranch that is about 57% that size for less than 10% of that money. But I would be willing to sell it. Of course there will be a slight mark up. I just want to make a reasonable profit....... lets say 2.0 mil.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby Brute 23 » Thu Mar 15, 2018 9:46 pm

That's not unreasable.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby ddd75 » Fri Mar 16, 2018 6:59 am

60 acres of valley land is going up for auction soon.

I bet it will hit near a million just for the 60 acres.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby Caustic Burno » Fri Mar 16, 2018 7:31 am

Bigfoot wrote:You couldn't touch it for that here. In my head, that's a shade over 4K an acre.

Place down the road went for 5k per acre last year. Head west towards Bryan College Station prices in those surrounding countries is nuts.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby True Grit Farms » Fri Mar 16, 2018 7:33 am

Safe bet agriculture won't make those mortgage payments.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby herofan » Fri Mar 16, 2018 8:17 am

I wish I had know. $8.7 million is just pocket change for me, and it would have made a nice little hobby farm. :D
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby TexasBred » Fri Mar 16, 2018 8:54 am

Unreal what places are selling for around here. Acreage through the roof. Father in law passed away in November. Had hardly finished the memorial service and speculators were offering $14,000 an acre to build "spec" houses on .
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby bball » Fri Mar 16, 2018 3:06 pm

Caustic Burno wrote:
Bigfoot wrote:You couldn't touch it for that here. In my head, that's a shade over 4K an acre.

Place down the road went for 5k per acre last year. Head west towards Bryan College Station prices in those surrounding countries is nuts.


I wish I had never sold my place in Normangee. Be worth a small fortune today.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby Caustic Burno » Fri Mar 16, 2018 4:56 pm

bball wrote:
Caustic Burno wrote:
Bigfoot wrote:You couldn't touch it for that here. In my head, that's a shade over 4K an acre.

Place down the road went for 5k per acre last year. Head west towards Bryan College Station prices in those surrounding countries is nuts.


I wish I had never sold my place in Normangee. Be worth a small fortune today.


If that crystal ball would just work,
I could have bought this whole country for 200-300 an acre.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby Dave » Fri Mar 16, 2018 5:32 pm

I was down to the place I am buying on Tuesday. Was in signing up for a PO Box. The post master said he could have bought the ranch for $175,000 back in 1989. I paid considerably more for it now.
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Re: $8.7 million for 2117 acres of farm land SOLD!

Postby ddd75 » Sat Mar 17, 2018 7:21 am

eh.. why buy that land for so cheap in the 80's when you can invest in dividend stocks. :hide:
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