Foggy47
5 year old buck +
I've seen several threads on farmland values.....but the recreational land values may be substantially different. These areas are largely the poorest lands that are not suitable for much besides hunting and timber......maybe a home on the acreage?
In the area I currently live....there is some rangeland and farmland.....but it's of generally poor quality. The timberland and open land may bring similar values here due to the sandy soils in most areas. Some farmers will make some decent hay and feed some steers. Generally it would take irrigation to reliably grow a crop.
However, very locally to me is prime Minnesota lake country.....and the population here is relatively high with the metro folks spending weekends here....and wanting outdoor recreational property and hunting land.....which is in relatively short supply. I suppose similar land 30 to 50 miles further away may sell for 1/2 of the local values. I estimate current hunting / timber / recreational land locally to fetch $3,500 to $4,000 / acre. Improved land may bring more? (electric, good roads, buildings, etc).
What values in your area?.....what say you?
In the area I currently live....there is some rangeland and farmland.....but it's of generally poor quality. The timberland and open land may bring similar values here due to the sandy soils in most areas. Some farmers will make some decent hay and feed some steers. Generally it would take irrigation to reliably grow a crop.
However, very locally to me is prime Minnesota lake country.....and the population here is relatively high with the metro folks spending weekends here....and wanting outdoor recreational property and hunting land.....which is in relatively short supply. I suppose similar land 30 to 50 miles further away may sell for 1/2 of the local values. I estimate current hunting / timber / recreational land locally to fetch $3,500 to $4,000 / acre. Improved land may bring more? (electric, good roads, buildings, etc).
What values in your area?.....what say you?