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#1 (permalink) |
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Senior Member
Join Date: Jan 2008
Location: Western ND
Posts: 280
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I'm thinking of selling out and starting over. There is a huge oil boom in western ND and it is no longer a nice place to live and work on a farm. The only plus side is that land values have quadrupled from five years ago. Anyone of my fields that border the highway would sell for much more.
This is the only place that I have ever known, but I am seriously thinking of taking advantage of these prices and starting over somewhere else in the US where agriculture is still important. I could sell out and retire, but I'm only 35 and my wife and I truly enjoy farming. Any ideas on where to set up shop? |
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#2 (permalink) |
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Senior Member
Join Date: Feb 2010
Location: Parshall, North Dakota
Posts: 215
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Considering that I'm in the same chaos as you are if I could pick my place of farming residence it would be south of wahpeton to the sd boarder. Still relatively cheap land rents ( less than 300 per ac haha) and it's as flat as a pancake and extremely heavy ground and they always get the rain needed. What city in west Nd do you farm by??
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#4 (permalink) |
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Senior Member
Join Date: Sep 2006
Location: on the Bench SW Saskatchewan
Posts: 1,408
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I can relate to your problem there is a huge oil field just SE of me and on a calm day I can see a dust cloud hanging over it a mile high. I wouldn't want to live there. There will be a correction in land prices....when??
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#5 (permalink) |
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Senior Member
Join Date: Jun 2008
Location: Red River Vally MB
Posts: 1,012
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when commodity prices drop and interrest rates rise.
I honestly don't know where you want to move to land prices gone crazy everywhere. Here in Manitoba you can buy land relatively cheap but on the other hand there hasn't been an average crop for over 3 years. Since 2007 land prices have more than doubled, and looking at the profit made since than it has been cut in half due to poor yields. |
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#6 (permalink) | |
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Senior Member
Join Date: Jan 2008
Location: Western ND
Posts: 280
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Quote:
As far as places to start over, we were looking at someplace warmer than ND. There are some nice looking farm/ranch settups in northern California, or central Oregon that are quite picturesque. Southeast US doesn't look very attractive. Neither does Southwest US. Either central or Northwest would work. |
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#7 (permalink) |
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Senior Member
Join Date: Jul 2007
Location: SE AB CAN
Posts: 4,276
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If I was in your situation, I would go to the Palouse in Southeast WA or West Central ID. Drove through there this summer and it is incredibly beautiful, very productive, and seems to have some really nice towns.
__________________
Increase in Marketing > Increase in Yield > Increase in Land Base |
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