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<blockquote data-quote="db-2" data-source="post: 396564" data-attributes="member: 4743">FLB repo my great uncles 3 quarters back in the thirties.&nbsp; My dad bought the land from FLB in later years.&nbsp; They kept 50% of mineral rights and as dad said he had no choice on that. It was the way it was, and the price was less than $3,000.&nbsp;&nbsp; Never gave a thought about mineral rights.&nbsp; All he wanted was the land for winter pasture for the livestock. I doubt if they have any value today. No idea if they have sold them or still own them.&nbsp; Not sure what even happen to FLB (Ag Credit).I question how many farmers saved their land back in those years by selling mineral rights when they have little value.Now on some land as mineral rights pass down who the hell knows even themselves who owns some of these mineral rights.&nbsp; And gravel is not a mineral.Yes, it's an asset a landowner owns but for me they should of stay with the land.&nbsp; It is a mess that will become a bigger mess on who owns what as people pass their assets down to how many kids and then down again without even knowing they had mineral rights until someone searches the records for some reason and then to find them and what they may have done with them if anything. Needs to be cleaned up before my great-great grandkids twice and three times removed finds out they own mineral rights from back in the thirties.&nbsp; db</blockquote>

[QUOTE="db-2, post: 396564, member: 4743"] FLB repo my great uncles 3 quarters back in the thirties. My dad bought the land from FLB in later years. They kept 50% of mineral rights and as dad said he had no choice on that. It was the way it was, and the price was less than $3,000. Never gave a thought about mineral rights. All he wanted was the land for winter pasture for the livestock. I doubt if they have any value today. No idea if they have sold them or still own them. Not sure what even happen to FLB (Ag Credit). I question how many farmers saved their land back in those years by selling mineral rights when they have little value. Now on some land as mineral rights pass down who the hell knows even themselves who owns some of these mineral rights. And gravel is not a mineral. Yes, it's an asset a landowner owns but for me they should of stay with the land. It is a mess that will become a bigger mess on who owns what as people pass their assets down to how many kids and then down again without even knowing they had mineral rights until someone searches the records for some reason and then to find them and what they may have done with them if anything. Needs to be cleaned up before my great-great grandkids twice and three times removed finds out they own mineral rights from back in the thirties. db [/QUOTE]

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