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re: Chinese buy 300 acres of ND farmland for about $3 million
Posted on 7/2/22 at 5:15 pm to TigerOnTheMountain
Posted on 7/2/22 at 5:15 pm to TigerOnTheMountain
quote:
I was outbid by $325,000 on 100 acres recently. It was listed at $500,000 and it sold for 1.2 million. It wasn’t purchased by an individual. You tell me who bought it and why they would spend that much on land in BFE WNC.
The average price for an acre of farmland in ND rose 28% last year to around $3100 per.
This deal was for $10k per acre....
The article also mentions Bill Gates bought "thousands of acres" nearby for $13 million recently as well.
Posted on 7/2/22 at 9:57 pm to BuckyCheese
My question about the Gates land buys and these China land buys is the price.
They seem to be overpaying big time, WHY?
Will they buy some of my timberland for 10k/acre? I would sell it all for that!
They seem to be overpaying big time, WHY?
Will they buy some of my timberland for 10k/acre? I would sell it all for that!
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