either way, you're banking on a lot of "what ifs" and banking on that puts a lot of things out of your control. Not a lot of margin left there.
With inputs?$
$26k/acre = $1.7 mil for 76 acres ... corn at $5/bus, with ~240 bus/acres = $91k for 76 acres ... 19 years to break even on principal ... seems like an odd business investment ... what am I missing?
It doesn't cash flow. Farmers around here pay crazy money for land cause that's the only way to get it. They want to farm, they want their children and grandchildren to farm, and that takes land.No way it ever cash flows @ $26,000/acre! But they didn’t buy it for that reason. I’m sure.
Right… and the alternative is .3 percent in the bank or slightly higher rate in a CD. Some will not put $$ in the stock market .It doesn't cash flow. Farmers around here pay crazy money for land cause that's the only way to get it. They want to farm, they want their children and grandchildren to farm, and that takes land.