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<blockquote data-quote="VaCowman" data-source="post: 1621389" data-attributes="member: 33135"><p>It appear to me that land IS moving, but at a much cheaper price than what it was 5 years ago. Asking price back then was $5k/acre and some got that, but a majority settled for $3500-4500. Recently there have been a handfull of farms that have sold for $1800-2250/acre. There is a 145 acre farm that is going to be sold absolute auction in early April. He started out asking $5000/ac but came down to $2950. No bites. Curious to see what it does. We do have a large, corporate, type farm nearby that is buying up land. I'd bet they end up with it, just waiting to see what they pay. Personally, I'd like to see a family farm get it, but it's hard to compete with the corporate guys.</p></blockquote><p></p>
[QUOTE="VaCowman, post: 1621389, member: 33135"] It appear to me that land IS moving, but at a much cheaper price than what it was 5 years ago. Asking price back then was $5k/acre and some got that, but a majority settled for $3500-4500. Recently there have been a handfull of farms that have sold for $1800-2250/acre. There is a 145 acre farm that is going to be sold absolute auction in early April. He started out asking $5000/ac but came down to $2950. No bites. Curious to see what it does. We do have a large, corporate, type farm nearby that is buying up land. I'd bet they end up with it, just waiting to see what they pay. Personally, I'd like to see a family farm get it, but it's hard to compete with the corporate guys. [/QUOTE]
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