My Final Attempt NOT To Sell My Itta Bena Farm Land

[Anon1704414204]

To Yankees.

Bout to sign off on $75K for 37 acres to some folks in PA. NOT in Itta Bena City Limits which is a VERY Good Thing if you know how that town operates. No windmills will be an addendum per my original thread. In The Itta Bena Hot Sun: Are you tuned in?

 

[ETK99]

 

[T-TownDawgg]

 

[turkish]

To Yankees.

Bout to sign off on $75K for 37 acres to some folks in PA. NOT in Itta Bena City Limits which is a VERY Good Thing if you know how that town operates. No windmills will be an addendum per my original thread. In The Itta Bena Hot Sun: Are you tuned in?

You’re selling row crop land for $2k/ac??

 

[Anon1704414204]

You’re selling row crop land for $2k/ac??

I know. Hurts cuz I was thinking $3500 per. But no irrigation possible. Gotta depend on The Good Lord for rain. Never seen drought wipe it out though.

 

[Maroon13]

You’re selling row crop land for $2k/ac??

This is what caught my attention. I'm about to offer a cousin $2k per acre for wooded land in Benton county. Now I feel better about my offer.

 

[DesotoCountyDawg]

I know. Hurts cuz I was thinking $3500 per. But no irrigation possible. Gotta depend on The Good Lord for rain. Never seen drought wipe it out though.

2000 is ridiculously cheap

 

[Anon1704414204]

2000 is ridiculously cheap

Thanks. Not understanding why nothing betters been offered. My farmer and others in Greenwood area didn't bite on $3K. 5 separate parcels though and some separated by drainage ditches. No access to irrigation water.

 

[DesotoCountyDawg]

Thanks. Not understanding why nothing betters been offered. My farmer and others in Greenwood area didn't bite on $3K. 5 separate parcels though and some separated by drainage ditches. No access to irrigation water.

Because no one has any money right now and interest rates suck. Everybody is just trying to survive at this point to next year

 

[ETK99]

Terrible time to sell. I'd wait until after first of the year. I'm expecting a bit of over-correction with rates and that should free up things a little. But if you can't wait, you can't.

 

[Dawggonefishin]

Just checking in for the tall boy reference

 

[Anon1704414204]

Because no one has any money right now and interest rates suck. Everybody is just trying to survive at this point to next year

So after harvests are sold is a better time I reckon? My farmer farms much more than my 37. He usually has the soy beans harvested by late Sept. Not sure how much longer after that they get paid.

 

[retire the banner]

Wait until next year. Interest rates are about to plummet

 

[CoastTrash]

What would it lease for per year to another farmer in the area?

 

[DesotoCountyDawg]

So after harvests are sold is a better time I reckon? My farmer farms much more than my 37. He usually has the soy beans harvested by late Sept. Not sure how much longer after that they get paid.

I would wait until winter at the earliest. You’ll know who has some money that might want to buy it, and hopefully by then interest rates will come down some to make it more palatable.

 

[Anon1704414204]

What would it lease for per year to another farmer in the area?

I've been getting $4200 Yrly which is bad ROI IMO. But I never had to invest since I inherited.

 

[johnson86-1]

I've been getting $4200 Yrly which is bad ROI IMO. But I never had to invest since I inherited.

$4,200 per year if you are going to sell for $75k is 5.6% interest and you get to keep the land.

Are they paying the taxes?

If I was getting 5.6% and the tenant was reliable, I don't know if I'd be in a hurry to sell in this environment unless I just needed the cash.

 

[turkish]

I've been getting $4200 Yrly which is bad ROI IMO. But I never had to invest since I inherited.

You must be joking.

 

[Anon1704414204]

You must be joking.

Espoun please.

 

[CoastTrash]

Yeah. I get way better ROI at the casino….when I win

 

[PooPopsBaldHead]

Billionaires are buying up farmland all around North America... Prolly don't want to be on the wrong side of that trade if you don't have to be.

Sell/Trade Bitcoin... HODL productive farm land.

 

[Puppers]

I paid 2.5k/acre for 35 acres of non irrigated land in Quitman county 12 years ago. Unless you just need the cash I would wait.

 

[Leeshouldveflanked]

If it is close to some vital military base, the Chinese will buy it.**

 

[DesotoCountyDawg]

If it is close to some vital military base, the Chinese will buy it.**

Can’t anymore.

 

[DesotoCountyDawg]

@Anon1704414204 do you have the production history for it?

 

[Perd Hapley]

Thanks. Not understanding why nothing betters been offered. My farmer and others in Greenwood area didn't bite on $3K. 5 separate parcels though and some separated by drainage ditches. No access to irrigation water.

What size is the smallest parcel? Hell, forget farming. Up in North AL, right now you got any land going for $50k/100k per acre if its even within 30 minutes of Huntsville, Decatur, Athens, or the Shoals. $2k per acre sounds like some Great Depression level shít.

Have you been approached by any builders / developers by chance?

 

[Walkthedawg]

You’re selling row crop land for $2k/ac??

That was my first thought. Hell… some timberland with immature pines in the middle of nowhere in rolling hills just sold here for 2k an acre.

flat crop land for 2k? And the only ones with interest in it was someone from PA? I feel there wasn’t a whole lot of advertising.

 

[ZombieKissinger]

Am I reading this right that I can buy the land for this price and get rich in a few months?

 

[Beretta.sixpack]

$2K for production farmland? Man, do not sell it for that.....holy cow....irrigated or not....HECK no.....the farmland that is non irrigated that borders my in laws horse farm in Kentucky is up for sale for $11K an acre......and they will get it.

 

[Anon1704414204]

What size is the smallest parcel? Hell, forget farming. Up in North AL, right now you got any land going for $50k/100k per acre if its even within 30 minutes of Huntsville, Decatur, Athens, or the Shoals. $2k per acre sounds like some Great Depression level shít.

Have you been approached by any builders / developers by chance?

North MS, Not AL. Delta.

 

[greenbean.sixpack]

What size is the smallest parcel? Hell, forget farming. Up in North AL, right now you got any land going for $50k/100k per acre if its even within 30 minutes of Huntsville, Decatur, Athens, or the Shoals. $2k per acre sounds like some Great Depression level shít.

Have you been approached by any builders / developers by chance?

This is the delta, ain't no developers. If it wasn't farm land he wouldn't get that. All kind of rural wooded land here for less than $2k/acre.

Best way to sale rural wooded land (in excess of 100 acres) is to stage some pics of big deer and turkeys and sale to a city slicker for a hunting' paradise.

 

[ronpolk]

To Yankees.

Bout to sign off on $75K for 37 acres to some folks in PA. NOT in Itta Bena City Limits which is a VERY Good Thing if you know how that town operates. No windmills will be an addendum per my original thread. In The Itta Bena Hot Sun: Are you tuned in?

I think I missed the original thread… but is a windmill a big threat there?

 

[Anon1704414204]

@Anon1704414204 do you have the production history for it?

I do not.

I think I missed the original thread… but is a windmill a big threat there?

Just a joke. Somehow my original flipped to a Wind Farms discussion.

 

[greenbean.sixpack]

I think I missed the original thread… but is a windmill a big threat there?

No, but farm land is being converted to solar panel farms, it makes no sense to me.

We're still decades (centuries?) away from solar being a viable method of producing electricity on a mass scale. That land is much more productive/valuable feeding/clothing/fueling the world.

 

[DesotoCountyDawg]

I think I missed the original thread… but is a windmill a big threat there?

There’s 40 windmills in Tunica county. Largest windmills in the world.

Windmills look ugly but at least you can still farm around it. I despise solar panels especially on productive farmland.

 

[Anon1704414204]

I think I missed the original thread… but is a windmill a big threat there?

Nope. Just an insider joke for those familiar.

 

[Boom Boom]

No, but farm land is being converted to solar panel farms, it makes no sense to me.

We're still decades (centuries?) away from solar being a viable method of producing electricity on a mass scale. That land is much more productive/valuable feeding/clothing/fueling the world.

Ok. But, if on a small scale they can make a profit by putting solar panels on productive (but not that productive) farm land....why shouldn't they?

 

[ronpolk]

No, but farm land is being converted to solar panel farms, it makes no sense to me.

We're still decades (centuries?) away from solar being a viable method of producing electricity on a mass scale. That land is much more productive/valuable feeding/clothing/fueling the world.

I agree with you on there being better land for solar farms. I don’t really care that they are being built to be a piece of the energy puzzle but seems like there is plenty of land around the country that provides less value than farm land does. My guess is farm land may be preferred because it’s already clear cut

 

[ronpolk]

There’s 40 windmills in Tunica county. Largest windmills in the world.

Windmills look ugly but at least you can still farm around it. I despise solar panels especially on productive farmland.

I knew windmills in the delta had been discussed… I didn’t realize 40 of them had been built. I have not spent a ton of time in the delta but I generally don’t think of it as a super windy place… I’m guessing there is enough wind to justify the windmill?

 

[stateu1]

I knew windmills in the delta had been discussed… I didn’t realize 40 of them had been built. I have not spent a ton of time in the delta but I generally don’t think of it as a super windy place… I’m guessing there is enough wind to justify the windmill?

Go play Tunica National and tell me it's not windy.