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Buy the farm? Prices dropping


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2014 Feb 13, 3:24am   818 views  6 comments

by John Bailo   ➕follow (0)   💰tip   ignore  

Farmland prices in Iowa fell 3% over the second half of last year, and those in Nebraska fell 1%, according to estimates from the Farm Credit Services of America, an Omaha, Neb., lender that calculates weighted averages based on land quality. Reports from U.S. Federal Reserve Banks across the Midwest late last year showed prices flattening or slipping from the previous quarter. A monthly survey of Midwestern lenders by Omaha-based Creighton University in January found the outlook for farmland and ranchland prices was the weakest in more than four years.

http://online.wsj.com/news/articles/SB10001424052702303874504579374942753945268?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303874504579374942753945268.html

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1   Tenpoundbass   2014 Feb 13, 4:40am  

Sure now they have sucked all of the nutrients out of the soil and the yields are down, and the Farm subsidies don't have the same juice it used to, they want to know if John Cougar wants his families farm back.

I don't know what Wholefoods will do, when the only source of Kale will be from two urban hermaphrodites who grow produce, in reclaimed rotorooter truck tires, painted with bright color toxic Chinese paint, growing on a roof by an overpass. But hey at least the dirt will be organic.

3   WookieMan   2023 Dec 4, 7:59am  

Patrick says





This is 100% not true where I live. I don't know any CA famers, but in the midwest the farm 90% of the time stays in the family. At least the smart families that understand leverage of their land. The farmers I know can easily tap $1M in equity on their land in the blink of an eye. Tax free. Being a farmer today has nothing to do with annual yield of crops. That pays the debt service for your living. Which is generally a millionaires living.

Between the leverage and depreciation farmers pay little to no taxes. They've got a lobby too that makes you feel sorry for them. If you personally own the land, you're rich, even if you only sell $100k in crops. You have $2M+ in land paid off or that you can leverage, again, tax free. Never feel sorry for a farmer. Just know them so you can dick around on their land with UTV, guns and other shit.
4   FarmersWon   2023 Dec 4, 9:05am  

I heard from Sikh farmers in Central valley that whites are net sellers of land and Sikhs are net buyers.
The problem is that there is nothing in white culture I see which glorifies farming... Whites the creator of most advancements are spending too much time on BS recently and leaving their core competencies to others which is shame.

Sikhs due to their Gurus being farmers and general love for farming and still try to keep it attractive for youngster.. Not sure for how long.
https://www.youtube.com/watch?v=FVnLgYszg0w

https://www.youtube.com/watch?v=LgxoDKTG9KM
5   AD   2023 Dec 4, 1:26pm  

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exactly, make real estate earn for you ..it can be of any scale such as a small garden for your own dietary needs, or an accessory dwelling unit providing rental income... or even rent out your garage space or rent out a bedroom to a qualified and reliable tenant ...

https://www.neighbor.com/ and craigslist are good sites to list your rental space such as renting a garage for storing household items...

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6   RWSGFY   2023 Dec 5, 10:06am  

Farmers are heavily subsidized by the government so if you become one make sure you stop braying about how self-sufficient, independent and anti-gubmint you are. 🤔

And yes, the great grandchildren of Tri-Valley pioneers still own much of the farmland surrounding the towns here, so the meme does not quite true even for SF Bay Area.

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