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Crazy Land Auction
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JTN
Posted 4/17/2024 07:17 (#10709703 - in reply to #10709403)
Subject: RE: Crazy Land Auction


MN
Reality speaks - 4/16/2024 21:13

so why did those guys in 1982-1987not jump in and buy up all of the ground that the lenders were trying to dump? Maybe they did the math and realized that their CD earning 9%+ was better than farm ground at 3% return and actually losing value. And they weren't making anymore land back then either.


Lots of farmers did buy land lenders we’re trying to dump around here, 400-600 per acre.The really big operations hired good lawyers and got write downs, and have quadrupled in size and are still buying land yearly, no matter the price.
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