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.
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