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Not sure where you’re getting these numbers from, but where I grew up a million dollars would buy less than 100 acres of good farm land. Seems similar on the w
by TimSchumann 5y ago
Not sure where you’re getting these numbers from, but where I grew up a million dollars would buy less than 100 acres of good farm land.
Seems similar on the west coast where I live now.
By my back of the envelope calculations, 3000 acres of good farmland would cost around 15 million easy.
https://extension.umn.edu/farmland-rent-and-economics/farmland-sale-prices https://extension.umn.edu/farmland-rent-and-economics/farmla...
- throwaway316943 5y agoThey were national averages from the USDA for 2018-2019. The $1m value was the sales class of the farm, not the cost of land.