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<blockquote data-quote="Traxion" data-source="post: 271570" data-attributes="member: 983">Thanks for the honest responses.&nbsp; There is a total of 480 acres, so 240/240 split.&nbsp; The $35 is right at the county average ($38 last time I checked).&nbsp; I feel the land value, based on production, is probably around the $1,100 range.&nbsp; Average based on SDSU Extension service in 2018 put the average for the area in the $1,350 range.&nbsp; But, enough has sold over the last few years in the $1,800+ price range.&nbsp; With the way it ties into other places and probable interest, I think market value would certainly be $1,500 an acre.&nbsp; Best case.&nbsp; So, doing the math, 480 x $35 is $16,800.&nbsp; Based on 5% interest and a $1500 per acre price on a 30 year note, the annual payment is $23,600.&nbsp; I agree it is a great investment but for me personally that is too big of a gap to cover at the current time.&nbsp; CRP can be great IF you can get it qualified.&nbsp; That has been very, very hard of late in this area, I know from experience.&nbsp; Very good points on what happens later on.&nbsp; The possibility of it being anything but farmland are basically nothing (never say never).&nbsp; But, I would have no expectation of control over what is planted or done.&nbsp; Just the ability to walk on the dirt and hunt as needed, regardless of owner.&nbsp; But you've brought up good points to further consider.&nbsp; Not sure where I am going with this at the moment but appreciate all the responses.&nbsp; Good food for thought!</blockquote>

[QUOTE="Traxion, post: 271570, member: 983"] Thanks for the honest responses. There is a total of 480 acres, so 240/240 split. The $35 is right at the county average ($38 last time I checked). I feel the land value, based on production, is probably around the $1,100 range. Average based on SDSU Extension service in 2018 put the average for the area in the $1,350 range. But, enough has sold over the last few years in the $1,800+ price range. With the way it ties into other places and probable interest, I think market value would certainly be $1,500 an acre. Best case. So, doing the math, 480 x $35 is $16,800. Based on 5% interest and a $1500 per acre price on a 30 year note, the annual payment is $23,600. I agree it is a great investment but for me personally that is too big of a gap to cover at the current time. CRP can be great IF you can get it qualified. That has been very, very hard of late in this area, I know from experience. Very good points on what happens later on. The possibility of it being anything but farmland are basically nothing (never say never). But, I would have no expectation of control over what is planted or done. Just the ability to walk on the dirt and hunt as needed, regardless of owner. But you've brought up good points to further consider. Not sure where I am going with this at the moment but appreciate all the responses. Good food for thought! [/QUOTE]

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