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renting more land
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Posted 8/19/2006 12:31 (#37155 - in reply to #37131)
Subject: RE: renting more land


How will that work with $5000.00 land. Mr Klinefelter's ideas will work some places but probalbly will not in the central corn belt.
Paying a 7% return on land that will return 3-4 % after taxes does not make much sense. With $3000 to $3500 land you could show 5% after property taxes and the potential for a long term increase in asset value. At the rental rates most invetors are interested in today Land Bank and the insurance companies are better choices.
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