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Discussion Starter · #1 ·
80 acres, split by road, sold at auction, either one or both, two separate buyers.

Tract 1- 42.1 acres, 93.7 CSR, one grass waterway, real nice farm, $14,100/acre.

Tract 2- 36.99 acres, 90.2 CSR, slightly more waterways, good farm- not as smooth as tract 1, $12,500/acre.
 

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Markets are down for sure and possibly stay down for a while, that being said good land won't go down so fast, poor land that shouldn't be growing crops now that's another story it will be the first casualty on the block.
Good land will always fetch a premium price with minor price adjustments on a steady climb.
Poor land will fluctuate a lot and at times wildly.

just my 2 cents
 

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Discussion Starter · #5 ·
160 acre sale today sold in 2 tracts.

Tract 1 80 acres, 79.7 tillable, 92 csr, new tlie mains brought $11, 100/acre or $120/csr point.

Tract 2 80 acres, 70 tillable, 76 csr, pattern tile brought $10, 800/acre or $142/csr point.
 

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Discussion Starter · #7 ·
guys still hoping for a change around in markets.
I don't think that is the case. The last three years here have been extremely good, there has been a lot of debt retired and is a lot of cash on hand.

Simply put, there is a lot of money chasing land right now. I think it will take 3-4 years before the land price adjust majorly downward. Probably another 1-2 years before land rents start to back off.

That being said I would also estimate a 10-15% price reduction in the sale today. Two years ago the farm across the fence with a 92 csr brought $13,100.

Cash is high, money is cheap right now.
 
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