OP
CloverKnollFarms
Super Member
I'm building a new shop
Found 33 acres... wow
- Thread starter CloverKnollFarms
- Start date
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Torvy
Super Member
You could say it's the bees knees.
jyoutz
Super Star Member
Livestock doesn’t eat sage. Goats maybe, but nothing else.
jyoutz
Super Star Member
True, but in parts of the west it has expanded into native grasslands due to lack of periodic natural fires.But sage brush is native!
OP
CloverKnollFarms
Super Member
$5k per acre
jyoutz
Super Star Member
Wow. Awesome price.
Rockbadchild
Elite Member
I know it varies on location but around here even if land price has increase significantly in the last 3 years that’s a lot of money.
OP
CloverKnollFarms
Super Member
I’m calling the utility this week to see the options for moving the line thar feeds the neighboring property, off this land, because it cuts right over the home building site
OP
CloverKnollFarms
Super Member
At our current place, acreage is $20k per acre for vacant rural land… we bought at $7k 5 years ago.
MossRoad
Super Moderator
- Joined
- Aug 31, 2001
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- 66,760
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- South Bend, Indiana (near)
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- Power Trac PT425 2001 Model Year
We bought at $1500/acre back in 1989. Next year it was $3K and has gone up ever since. $5K/acre today for small acreage is a very good price.
Congratulations!
MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 66,760
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Indiana farmland prices continue to rise in 2023
Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7.3% from June 2022. Average- and poor-quality farmland increased 5.8% and 0.7% to...
www.purdue.edu
OP
CloverKnollFarms
Super Member
It has some factors affecting this. It has some 100 year flood plain. I don’t care, I’m using it for pasture and honey production. It has a creek bisecting it… I don’t care, I’ll build a bridge (currently the neighbor allows access from his property). The land has one good building site on about 2 acres… the rest is very rolling and has limited access. All of these factors I can overcome. I’ll fix the access issue. The flood plain I won’t have a structure in, and I can use that fertile soil for honey crops. The views are amazing. Someone wanting to build a simple residence wouldn’t want to pay $170k for a 2 acre buildable parcel… I will, because I can use the other 31 acres for grazing cattle and honey production
2manyrocks
Super Member
- Joined
- Jul 28, 2007
- Messages
- 9,528
That's probably why it's for sale and hasn't already sold to someone else. Sounds like you'd enjoy it where someone else would complain the creek is in the way instead of saying it's great that it has a creek, etc.
So corn has almost doubled in price per bushel since 1989 ($2.40 to $4.80) cornfield is up by 50% in the same time frame, so $1500 to $5,000 per acre would seem on the money, so to speak.
We bought at $1500/acre back in 1989. Next year it was $3K and has gone up ever since. $5K/acre today for small acreage is a very good price.
Congratulations!
Corn Prices - 59 Year Historical Chart
Interactive chart of historical daily corn prices back to 1959. The price shown is in U.S. Dollars per bushel.
www.macrotrends.net
Historical Corn Grain Yields in the U.S. (Purdue University)
The Corny News Network was created by RL (Bob) Nielsen, Extension Agronomist at Purdue University. The articles written for the CNN pertain primarily to corn production & management issues important for Indiana corn growers and their consultants.
www.agry.purdue.edu
Soybean prices are up much more, closer to 250%;
(This chart is in pennies/bushel!)
Soybeans - 2023 Data - 1977-2022 Historical - 2024 Forecast - Price - Quote - Chart
Soybean futures in the US fell toward $13.1 per bushel, their lowest in five weeks after the US National Oilseed Processors Association data showed US soybean crush fell more than expected to an 11-month low in August. The USDA projected a soybean harvest of 4.146 billion bushels, broadly in...
tradingeconomics.com
Soybeans are slightly better, almost doubling yield.
All the best,
Peter
Sounds like a great analysis and a perfect fit for you!
Rockbadchild
Elite Member
for us the longest time 150 acres was $30 000 and that was a lots of money for it, then they started advertising it all the way down to Southern Ontario and asking ridiculous amount of money and it sells, so now the same land now sell for $150 000 to $200 000 I am happy I bought mine when I did, it was for sale for $40 000 for the last 15-20 years and I got it down to $20 000 3-4 years ago right before covid and everyone went crazy for land. My grand father sold that land for $1500 to the guy I bought it from 40 some years ago …
OP
CloverKnollFarms
Super Member
The real key is getting the utility to move the power lines across the building site, to another location. They could say no. They could say sure, but charge an exorbitant amount, or say yes and charge a reasonable amount. Really it all hinges on those stupid lines. Anyone have experience with this?
jyoutz
Super Star Member
If you set a box on a pole and request new service at the new location, they might provide it. This worked for me one time.
Alan W.
Veteran Member
- Joined
- Apr 6, 2000
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- 2,380
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- Kentucky
- Tractor
- Kubota L3650 & Bobcat 763G & Craftsman DGS6500
Beautiful property. You said there was some 100 year floodplain on the property, how much more is under a 500 year flood.
The reason I ask is in KY we have had a large number of 500 year floods lately.
As for goldenrod honey, yuck. My son’s bees have at times went crazy on the goldenrod and he couldnt give it away.
The reason I ask is in KY we have had a large number of 500 year floods lately.
As for goldenrod honey, yuck. My son’s bees have at times went crazy on the goldenrod and he couldnt give it away.
