Price per acre

thank you everyone for the information. I find it interesting to see how the prices run.

We paid $400 an acre for our 40 acres about five years ago. It's range and didn't have a well on it but it was a small parcel.
$500-800 seems to be a going rate lately, for pasture in my area. (WAY up from about 10 years ago)

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~*~Erin~*~
SAHM, ranch wife, sub and quilt shop proprietress
the Back Gate Country Quilt Shop

The price per acre depends on what the land is good for, how big the parcel, what the land nearby is good for, and what's close by. Farmland is driving the price of most land. If the land is good for farming it's gone crazy, up to and over $10000 an acre. Nearby farmland pulls the price of marginal land up too. The smaller a parcel, the more it costs per acre. Buy a 40 and divide it into 5s and quadruple your money. If the land is close to a city it is usually worth more too.

In MN the farm land in the southern part of the state and along the western edge in the Red River valley is over $10000 an acre. Land suitable for growing trees is depressed because we are using less paper and new construction has been down. You can get it for about $2500 an acre. Land thet has been logged off and is not great farm land is $1200 an acre. Swamp is $800 an acre.

Forest land here runs $300 - $1000 /acre.

We bought one parcel for $350/acre[no water frontage], and one for $900/acre with river frontage.

No droughts here.

Land is more expensive when it is closer to pavement and urban municipal services. Less expensive if it is further out.

IMHO, The biggest consideration should still be drought. What is the history of drought in a region? What does the current 'Water-stress' look like?

I see a lot of places with higher prices, and yet they have repeated drought problems.

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http://www.mofga.org/Programs/FarmAp...2/Default.aspx

meanwhile up here we are having more of a problem with flooding!

About the same here. Prices are usually based on a building lot and excess land. A basic 1-2 acre lot will run $15-$40k, but the additional acreage up to about 30 acres can range from $1k to $5k per acre. Timber or no timber doesn't really matter too much. Some pay for it some won't. Tillable land has been bringing a premium lately. Maple sugarbush too. Views or year round brook/streams can increase the price dramatically. Over 30 acres excess land and $ per acre drops.

hey, Hey, HEY!!! Don't put down our Florida winters. One night last month it got down to 28F for over an hour. You know why that smiley face is sad and blue? Because he is too cold.

In our state (small - Vermont) it runs $500 to $1,000,000 per acre from very rural to what I call city but most people would call a small town (Burlington pop. 39K).

In our town it runs about $500 to $20,000 per acre. The town assesses a house lot at $9,000 per acre minimum and it goes up from there depending on features.

Our land is assessed overall at about $1,500 per acre but there are some acres that are worth $20K and others that are on the low end of $500 if even sellable - steep, ledgy, unbuildable, unfarmable, poor access for logging, far from roads.

As the original poster noted, much depends on location, services, road frontage, water frontage, services, volume (large acreages are worth less per acre generally), etc.

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SugarMtnFarm.com -- Pastured Pigs, Poultry, Sheep, Dogs and Kids

Thanks for the chuckle. I'm in Minnesota. Worst temps for me are 25 to 40, too cold to wear short sleeves, too hot to bundle up. If you work hard you sweat, if you stand still you freeze. Makes me sick.

Minus 10 it starts to get kinda uncomfortable again. But anything from zero to 25 is a good winter day.

Land, around here if it is over 20 acres, farmable, and relatively rectangular it seems to be worth $10,000 an acre.

Waste land tends to be either a swamp the govt no longer allows you to do a typing with it or build easily within 300 feet of it, or it is a steep wooded creek valley that is miserable to try to build or garden or pasture on. They seem to be worth $500 to 2000 an acre, tho folks have come to not like to sell those bits off any more, as the people that buy them tend to be poor neighbors. That is 'here'.

Paul

You can find land for more like $100 per acre if you're looking for larger parcels, say 20 to 160 acres. If you do it right you can even find $50/acre. Check out Montello, NV.

It's remote, perhaps 100 miles to the nearest Home Depot, but the water table is good. You'll find it near the NE corner of the state. You will find a lot of homesteading-minded people there.

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Make sure you're getting all rights including water and mineral rights when you buy.

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SugarMtnFarm.com -- Pastured Pigs, Poultry, Sheep, Dogs and Kids

Oh sure, water rights are standard around Montello. The water table is good too. You'll find water at 150 feet most everywhere.

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On the open market, about the cheapest you can find farmland is around $3000 an acre, but most is closer to $5-6k and on up depending on size and access. I paid $25000 for the three acres next door.

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I just saw a ranch that is 700 acres and it's $12,000 an acre. Even in bulk the price stays right around there for land locally.

This is recreational land too. It's about 2-3" of topsoil then solid rock if you are lucky.

10k/acre raw land in the hills only about 14" of rain a year between October and April

Around here lots with irrigation go for $9000 if they are dry and you can't do anything wth them they go for less. $3500 for offgrid acerage that has water. $1000 for offgrid dry wooded rocky high elevation (seasonal access) large lots. Small acerage near town is about 20000 not worth the prices here.

I think for me, who has never owned more than an acre prior to buying this farm, having my own piece of land where I can drive on it, where there is abundant wild life, where it takes a good bit of time to walk it, etc is probably one of the most pleasurable things I have ever experienced outside of my wife and kids. We have owned this place for almost 4 years now and this is where I will remain for the rest of my days.

Land prices are probably in a bubble in some places but I doubt prices will plummet too far and for me land is just a good place to park my money so sometimes paying those higher prices make sense (Silvercreekfarmer, I totally get paying a premium to purchase acreage adjoining your place). Our neighboring farmers have a standing offer from us to buy land contiguous to our place and we have been taken up on it twice, the first time we paid $1200 for just slightly less than an acre and the second time 2K for slightly over an acre and it looks like in the future we will be able to pick up another 9 acres for about 20K. This is all about 2/3rds good pasture with the remainder in commercially valueless woodlot (but valuable to us).

I just feel fortunate to be able to have a piece of land and the true value to me cant be measured monetarily.

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