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This article doesn't scream they all paid cash"
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hinfarm
Posted 2/18/2024 10:23 (#10628548 - in reply to #10628083)
Subject: RE: This article doesn't scream they all paid cash"



Amherst WI
Big Ben - 2/17/2024 21:10

tmrand - 2/17/2024 18:11

Farmers National CO..............$825/acre. Cheap...........I realize for most. But I dare anyone to come here and make it work. At 4 to 5% interest I would've bid that. Not at 8%.



I’m starting to think wind towers are the only thing that’ll make cheap ground purchases work at 8%. The mortgage payment on my cheap ground is big enough at current wheat prices even with the effective 2.7% interest rate we’ve seen lately.


I know a gentleman here that owns some land in Baca county somewhere near tmrand as an investment. CRP paid for it for him and now they are being asked if they want windmills on it. Since he's only seen this land he owns twice in about 2 decades it's a resounding yes if they could do that.
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