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Veteran Advisor
BA Deere
Posts: 8,633
Registered: ‎05-13-2010
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Re: $20,000.00

I heard it was a 80. With banks only borrowing $4500 on land and if you had to borrow paying those prices you`d have to be nuts.  It`s funny where all these farmers that come out of the woodwork with these $1-$3million warchests.   See, these warchests are after-tax money.  Up until 2008 farming was okay, but not the bank vault orgy it is today.  The question is, if someone had that $1.6 million laying around, why didn`t they buy 400 acres just 5 yrs ago when land was $4000/a?

Don`t redistribute my wealth, redistribute my work ethic.
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