Cambridge, southwestern Nebraska | I bought some land around 2010? Could be off a year or two. Land had gone up significantly and seemed high but we had $7 corn that summer. At the time it took 200 bushels of corn to pay for the land. $1,400/a. Granted our APH's were 90-100. And it is dry land. That turned out to be one of the easier farms to purchase.
At $4.50 corn today and land selling for $3,600/acre it takes 800 bushels to pay for the land. Seems a little too high. I'd say in the 400-500 bushel range might be a good average. But you have to consider the location and the APH's. |
10 years from now
