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$12,897

I think it is the cost, in today's dollars, that it would take to recharge the batteries of a Toyota Prius over the lifespan of the batteries? That or how much a 'left nut' sells for on the illicit black market organ donor websites.
 
That is the price PER ACRE of the 333 acre farm surrounding me that is for sale.

There goes the plan of buying an additional 40 acres to expand my property. :cry:
 
DaveNay said:
That is the price PER ACRE of the 333 acre farm surrounding me that is for sale.

There goes the plan of buying an additional 40 acres to expand my property. :cry:
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Aw heck Dave - just buy all 333 acres and you won't have to worry about neighbors being real close...
 
Well, c'mon Dave, buy it all!! A good friend of mine lives just outside of New Orleans and he tells me that swamp land (under water mind you) actually fetches $2500 per acre. :4_11_9: I'm not talking about stuff right next to dry land and developed areas, I'm talking about nasty mosquito infested old swamp land. He has been buying property all over the country in the last 15 years and has made quite a bit of profit.

You've probably seen the ads for property in Colorado etc. that is literally in the middle of nowhere. He's even bought stuff like that if he can get it for under $2000 per acre. Heck, he told me that he has purchased quite a bit of old coal mine land in Wyoming because he could get it for under $1000 per acre.

Apparently there are a lot of people who have become rather displeased with the stock market and have put their money into land; any land. I guess I fall into that category myself since I bought a nice chunk of land a couple of years ago for that exact same reason. The "big" attraction to my land; it has a road down two sides of it. That's about it as far as any development. I gots lots o trees, lots o hills, and about a dozen lakes or so. Did I mention that it's in the middle of nowhere?

Just think what that land will be worth in 20 years! Besides, if I'm reading it right, it also attaches to the property you now own. It's even harder to find land to buy that attaches to land you already own.
 
Dargo said:
Just think what that land will be worth in 20 years! Besides, if I'm reading it right, it also attaches to the property you now own. It's even harder to find land to buy that attaches to land you already own.
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Sure, I just need to find 4,294,701 of those little green rectangles. :yum:
 
You might want to look into the black market organ sales to raise some funds. You're not planning on having any kids are you?
 
B_Skurka said:
You might want to look into the black market organ sales to raise some funds. You're not planning on having any kids are you?
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I can't figure out how that property can be profitable to farm?

Based on todays market prices and the most recent crop yield info I can find, the land should produce about $245K corn revenue or $127K soybean revenue. If you allow for 33% operating expenses, and 100% of the remaining goes toward paying down the purchase price, then it is somewhere between 26 and 50 years to start breaking even.

And that is based on todays corn prices. They have been much lower up until this winter.
 
B_Skurka said:
You might want to look into the black market organ sales to raise some funds. You're not planning on having any kids are you?
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I'm white Bob, so is my organ. :yum:
 
Just think of what the real estate taxes are going to be at that kind of sales price.

At that kind of price, how far are you from a major city?
 
[FONT=&quot]Dave I think at that price it will not be long before houses surround you. Look on the bright side more houses means more people to rent a horse stalls. [/FONT]
 
Get a 4' flat round table and mount it off the ground, horizontally. The table will be "sliced" into 6 sections. in each section you will have a picture of two dice. Each slice will have a different combination of two dice between one and six (sort of like a roulette sp? wheel). You will have a "marker" on top of the wheel so when you spin the wheel, after a short time the wheel will slow down and stop and the "marker" will be pointing to two dice (on the slice).

You will have tables on all three sides of the wheel for people to stand at(so they can see the wheel when you spin it). In front of the people on the table will be pictures of dice numbered one through six. When you spin the wheel, people place money on what dice they think will come up on the wheel. If the number comes up on the wheel matches the spot on the table where they laid their money, you match it and give them the money (if they laid a 5 down on a number "2" dice and the two dice comes up, you give them $5. If their number dosen't hit, you take their money thats on the table.

Kids with $30 or $40 love this game, and given time, you should make a pretty good haul.

Game is addicting and people seem to love playing it even though they loose money doing it.

Couple years you should have enough money playing it.

Might want to move the game to a bigger city so you can get more people to play, which means you should make A LOT more money.

I'd suggest keeping the limit at $5. Does not sound like much, but you can get around 20 or so people playing at the same time, and to each one playing, $5 does not sound like a lot, but you're almost sure to bring in some "good" money with every spin on the wheel (people in general hate playing a number thats already been picked, so you get to "spread" it out).

Good luck!:D
 
daedong said:
[FONT=&quot]Dave I think at that price it will not be long before houses surround you. Look on the bright side more houses means more people to rent a horse stalls. [/FONT]
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No, the county I live in has pretty strong laws regarding unincorporated subdivisions. To create a subdivision, there must exist (or will be built by the developer) municipal water and sewer. The development must also be annexed by an incorporated municipality, and therefore must be adjacent and contiguous with said municipality. The nearest incorporated municipality is almost 8 miles away.

In addition, since 1977 you can't subdivide ag land any smaller than 40 acres without re-zonining to residential, and that simply doesn't happen too often.

The land will stay agricultural for quite some time still.
 
DaveNay said:
The land will stay agricultural for quite some time still.
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Since I'm not going to farm, I rezoned my other property from ag to forest. Property taxes were cheaper that way. I just wish more of my trees would have lived after that 5 month drought we had right after I planted over 5000 of the little buggers!
 
I've read a little about ethanol driving up the price of corn. Could the price reflect speculators buying up corn land?

It's worse here. A 60 miles, we are at the outer limit of where people commute daily into San Francisco. There are many employers, and support services, between here and SF. Pretty much all farm land is now priced at rural-estate prices even with farm zoning that prohibits development.

I think your riding stable will be more profitable than corn.
 
Kwiens said:
The monthly payments on a 30 year note at 6% are only $25,600! That's only two acres per month.

Kevin
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It wouldn't even be that much since Dave would likely drop a couple million down for a down payment.
 
On a semi-serious note, I have been through the area where Dave lives (although I don't know exactly where in the county he lives) and there is NOTHING out there. DeKalb county Illinois is really one of those farm counties that is far enough away from a major city that only an idiot would actually consider a daily commute.

If you think about Chicago and its urban/suburban sprawl, and then map it all out, Dave's county is not what you would consider part of that sprawl, even projecting out 10 years of future sprawl would not put Dave on the far edge of suburbia. The entire county has about 90,000 people, and in northern Illinois, that is not a lot of people, and about half of the people live in the county seat. I would bet that the main reason the county as high a population as it does is because Northern Illinios University is there (one of my cousins went there, which is the only reason I've even heard of that school).

All that said, it just doesn't make any sense to me that land in the county, which is valued as agricultural land, could cost anything close to $12,897 an acre. Heck, at roughly $6500 per acre the price seems high for farm land (especially because it has stringent restrictions on developement) but maybe I am totally out of touch with land prices???
 
B_Skurka said:
All that said, it just doesn't make any sense to me that land in the county, which is valued as agricultural land, could cost anything close to $12,897 an acre. Heck, at roughly $6500 per acre the price seems high for farm land (especially because it has stringent restrictions on developement) but maybe I am totally out of touch with land prices???
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$5000-$6000 is about what I was expecting when I saw the property for sale. Also, keep in mind this is the ASKING price. I can put my farm up for sale for $2.2 million, that doesn't mean I will get it. It's not unheard of for property like this to stay on the market for 5 years or more.
 
B_Skurka said:
If you think about Chicago and its urban/suburban sprawl, and then map it all out, Dave's county is not what you would consider part of that sprawl, even projecting out 10 years of future sprawl would not put Dave on the far edge of suburbia. The entire county has about 90,000 people, and in northern Illinois, that is not a lot of people, and about half of the people live in the county seat.
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Curious, whats the sq. milage of Dave's county?

We're about 330 sq miles for our county here in N.C with a population around 40k for the entire county.
 
Dave, based on your county's numbers and DZ's county's numbers, the population density of both counties are very similar, with DeKalb county being only slightly more dense . . . but you may be the cause of that :moon:
 
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