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Honored Advisor

County platbook from 1938

This was from a elevator newsletter.  In 1938 one township had 3200 acres owned by the bank, another 5260 acres owned by the bank and still another 3340 owned by the bank.  There`s 23,040 acres in a township so roughly in the 30s 20% of county farmland was owned by the bank and selling between $75 and $125/acre.

 

Just to put it in perspective, 3% of land comes up for sale each year and that keeps the price stable, if + 20% was for sale, that would really put the damper on prices for years.

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Veteran Advisor

Re: County platbook from 1938

BA  -  at  todays  prices  that  same  land  would  bring  aprox,  what  -  just  curious  - ?  

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Honored Advisor

Re: County platbook from 1938

K-289, I would say up until a year ago what was $75-$125/acre went up 100 times so 2017 it would be $7500 to $12,500.  It`s came down 10-15% so that $7500 land is realistically $6500.   But 80yrs ago yields were 50 bpa, a good man and team could pick 150 bushel a day.  So yields went up 4, 5 times in 80 years......and if you figure all my fixin` I do, I still am lucky to harvest 150 bushel a day   Smiley Happy

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