Farm Land Prices Are Even Crazier

Progressive Farmer:

Farmer-investor Howard Myers of Princeton, N.J., has been itching to buy another Midwest farm. Last month, he thought he had a lead: Heirs contacted him about an estate sale with the land adjoining the Taylorville, Ill., farm he's owned since 1985.

But within days of the owner's funeral, one of the state's juggernaut farm families scooped up all 123 acres at $11,000 each. Myers had been willing only to buy a portion of the farm, given the steep asking price.

The article goes on to highlight farms selling at $11,000 to $13,500 an acre in Iowa and Illinois.  That is just crazy.  If you buyers are listening, I've got some slightly less productive ground I might part with for $8500 an acre.  Just give me a call.