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Message: <blockquote data-quote="Fritz the Cat" data-source="post: 241472" data-attributes="member: 605">Not necessarily true Allen. I rented two quarters of land for 31 years and then the landlord died. At auction an anesthesiologist from Bismarck ran me to $1900 on the better quarter. I didn't even bid on the poor quarter which he purchased for $1550. This is $1200 sand. The guy doesn't hunt and bought it to diversify his portfolio. He rented it out and wanted 3% return on his money or $50 rent per acre. I turned it down. I don't disagree that 3% is out of line. He paid too much. His renter took big losses in the drought of 2017 and had a poor crop in 2018. The 3 year contract expires this year and I wonder if his renter is going to continue or ask for a reprieve or lower rent. Allen, lots of probable's to consider when buying land and then collecting a rent check. Current bank variable interest rates are 4 to 6 percent. If a person wants to lock in long term it is higher. Rent collected is 3 percent. Obviously the math says none of this works unless you are buying land with cash.   Several years ago when CRP was still going strong some land came up for sale. I sat down with Game and Fish and we ran all the numbers from coverlocks to CRP to plots and every program out there. The idea was.....could a fellow buy land with borrowed money, place it into all the programs out there and would those programs make the interest payment. The answer was no.</blockquote>