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Define valuable. I live in Northern Virginia, where a good acre of land can cost a million dollars. Yet, I can drive 3.5 hours and get to land that's worth un
by ap22213 12y ago
Define valuable. I live in Northern Virginia, where a good acre of land can cost a million dollars. Yet, I can drive 3.5 hours and get to land that's worth under $1,000 an acre.
- thrownaway2424 12y agoPrime farmland (USDA class 1 soil capability) in Iowa costs 10-12 thousand dollars per acre. In 2006 such land cost 3-4 thousand. Ref: http://www.extension.iastate.edu/agdm/wholefarm/html/c2-75.html http://www.extension.iastate.edu/agdm/wholefarm/html/c2-75.h...
- toomuchtodo 12y agoWhich is currently driven up in price by cheap money that has nowhere else to go for safe yields (after the stock collapse in '00 and the real estate collapse of '08). http://giannini.ucop.edu/media/are-update/files/articles/V15N1_3.pdf http://giannini.ucop.edu/media/are-update/files/articles/V15...