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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (8494)3/17/2008 4:05:58 PM
From: Bill on the Hill  Read Replies (1) of 50716
 
Great move Slider,

I am looking at a piece north of our farm in eastern Colorado with a house on it. About 300k for 325 acres half planted to wheat. If the crop comes in at present price of $12 a bushel the first year will bring in 2500 to 3000 bushels for a total of perhaps 30k within a few months of closing....... That makes all the payments on the land. House for free.

Prices are rising on the real estate. Farms used to sit on market for a few years and now only a few months. Prices in small farm towns on the eastern plains have been in depression pricing for thirty years. A three bedroom costs from 35k to 75k depending on how old it is.

Main street in these towns is non-existent. Imagine farmers with twice to three times the money in their pockets due to higher grain prices. Main street will take on a different look.

Time for bakeries, boot repair shops to make comebacks......
I am thinking coffee shop with add ons for cash flow. Nice place to listen to gossip and find out what is happening around the area.

Farming today means being onsite for maybe three or four weeks a year. Rest of the time can be spent WAY south of there. Or up here in the high mountains where it is cool in the summer.

What is raised on the piece you are looking at?
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