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Re: going price on a duck lease
Posted: Tue Jul 29, 2014 1:44 pm
by tombstone
As mentioned, 5K is precision leveled ag land. Most times it is also your better soils, but as of late, some precision leveled heavy ground is creeping there.
Outside of just a couple of purchases, most of the people paying this live in different time zones and are not trying to farm and make a living on it.
it is worth what someone will pay. That is about the only absolute nowadays.
Re: going price on a duck lease
Posted: Tue Jul 29, 2014 6:05 pm
by maverick21
Well that was easy, and here I am waiting in a response email trying to list my place in Tallahatchie county on the site. I should have asked the going price for it.
Re: going price on a duck lease
Posted: Tue Jul 29, 2014 8:11 pm
by hillhunter
I would suspect with the decrease in commodity prices, you will see a softening of ag land prices as well.... May take a little while but land could get cheaper in the next few years if commodity prices don't go up in the next couple of yrs.
Re: going price on a duck lease
Posted: Wed Jul 30, 2014 8:01 am
by tombstone
hillhunter wrote:I would suspect with the decrease in commodity prices, you will see a softening of ag land prices as well.... May take a little while but land could get cheaper in the next few years if commodity prices don't go up in the next couple of yrs.
rent prices too. I think it will take a couple of years at least though. The older wiser ones will let some land go, but for a while there will be some that are not as sharp willing to suck it up at high prices. For a while....