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<blockquote data-quote="Allen" data-source="post: 396470" data-attributes="member: 389"><p>I wonder how many more family farms would have failed if they weren't able to sell their minerals?</p><p></p><p>Note, I really doubt the banks refused to sell the minerals when they put the land up for sale. Rather, it was offered up as $100 per acre for land and minerals, or $90 an acre for just the land. </p><p></p><p>Remember, these were people who had for years watched numerous failed attempts at finding oil. It wasn't a good idea to buy the minerals based on what they were seeing. Most banks (and we are talking largely about the State here) ended up holding a lot of what they thought were worthless mineral acres with the exception of the gravel rights.</p><p></p><p>Every single mineral acre in private ownership across ND is for sale.</p></blockquote><p></p>
[QUOTE="Allen, post: 396470, member: 389"] I wonder how many more family farms would have failed if they weren't able to sell their minerals? Note, I really doubt the banks refused to sell the minerals when they put the land up for sale. Rather, it was offered up as $100 per acre for land and minerals, or $90 an acre for just the land. Remember, these were people who had for years watched numerous failed attempts at finding oil. It wasn't a good idea to buy the minerals based on what they were seeing. Most banks (and we are talking largely about the State here) ended up holding a lot of what they thought were worthless mineral acres with the exception of the gravel rights. Every single mineral acre in private ownership across ND is for sale. [/QUOTE]
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