2000 acres! That’s only worth $30+ million up here in the corn belt.
> In 2024, there were over 100 sales of excellent productivity farmland in Region 6. The sale price per acre ranged from $11,000 to $22,508, with an average value of $17,210 per acre.
> That’s only worth $30+ million up here in the corn belt.
And more like $60 million (USD; $80 million CAD) in the Canadian corn belt, which is not even nearly as productive. It is astonishing how cheap US farmland is.
Can you share the typical interest rates for these "family farm" (2000 acres?) ?