barren - 4/17/2024 04:20
Prices didn't return to those levels for 25 years. It was my experience that is totally wrong. Do you have specific examples of this in your area? In my area I personally know of one farm that was purchased for $900 per acre in 1976, sold for $450 an acre in 1985. Equivalent land in the area was bringing $1500K an acre in 1995. I also know of at least one example with better returns than this one.