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Started By
Message
Convince me NOT to sell 200 acres of land in north Louisiana.....
Posted on 3/16/26 at 8:54 am
Posted on 3/16/26 at 8:54 am
Recently, we inherited 200 acres of land in north Louisiana. The land is used for farming (soybean, hay). Although there is some sentimental value to the land and it is a beautiful part of the country, we don't anticipate becoming farmers ourselves nor building a house on the land.
Task - Convince me why I should NOT sell the land?
Task - Convince me why I should NOT sell the land?
32
Posted on 3/16/26 at 8:55 am to The Hamburglar
Just dont. I regret selling every piece of land ive ever owned.
This post was edited on 3/16/26 at 8:56 am
Posted on 3/16/26 at 9:04 am to The Hamburglar
They ain’t making anymore of it.
Posted on 3/16/26 at 9:05 am to The Hamburglar
What would you do with the proceeds?
Posted on 3/16/26 at 9:06 am to The Hamburglar
You might can lease the land to someone to farm it. Then you still own it for the future
This post was edited on 3/16/26 at 9:07 am
Posted on 3/16/26 at 9:16 am to The Hamburglar
Do you expect significant appreciation due to development? Do you derive any personal enjoyment or satisfaction from owning the land? Would your successors? If not, other asset classes, on average, have historically proven to be better performers from an appreciation standpoint.
Posted on 3/16/26 at 9:23 am to The Hamburglar
Any where close to the META data center being built?
Also, there’s a reason that Bill Gates owns thousands of acres of farm land in LA and around the country.
I would look into a lease arrangement with someone that wants to farm on it.
Hold onto land. It’s the only real asset.
Also, there’s a reason that Bill Gates owns thousands of acres of farm land in LA and around the country.
I would look into a lease arrangement with someone that wants to farm on it.
Hold onto land. It’s the only real asset.
This post was edited on 3/16/26 at 9:24 am
Posted on 3/16/26 at 9:38 am to The Hamburglar
If it were me, I'd only sell it if you have intentions of buying a different piece of land with the proceeds.
Don't know your hobbies, but I'd buy recreational hunting property.
Don't know your hobbies, but I'd buy recreational hunting property.
Posted on 3/16/26 at 9:44 am to The Hamburglar
They aren't making any more land. If you need to lease it out for timber or whatever to justify the expense, so be it, but keep those as short as you can.
Hell, let someone put a pasture on part of it, keep cattle there, lease it to them for free meat, if nothing else.
I just don't see how you don't regret it down the line if you sell it now.
Hell, let someone put a pasture on part of it, keep cattle there, lease it to them for free meat, if nothing else.
I just don't see how you don't regret it down the line if you sell it now.
Posted on 3/16/26 at 9:51 am to Ace Midnight
Agree with this thread
Keep it up, don’t see any reason to get rid of it
Keep it up, don’t see any reason to get rid of it
Posted on 3/16/26 at 9:54 am to The Hamburglar
I'll buy it?
Posted on 3/16/26 at 10:17 am to The Hamburglar
How many inheritors are "we"?
How much does the 200 acres pull in annually?
What has nearby farmland sold for (per acre) recently?
What would you do with the money if you sold?
How much does the 200 acres pull in annually?
What has nearby farmland sold for (per acre) recently?
What would you do with the money if you sold?
This post was edited on 3/16/26 at 10:21 am
Posted on 3/16/26 at 10:24 am to The Hamburglar
I assume the land can produce some income, assuming the we you mentioned wont make it miserable to manage, I would not sell. It will only appreciate, and the money you make off of it, even if not much, can be put to other uses.
Posted on 3/16/26 at 10:26 am to The Hamburglar
You’ll need to manage it and lease it if you aren’t farming it yourself, if you don’t want to eat property taxes. Maybe that works out, but could also be a pain in the arse or not as productive as money in S&P500
I would sell it personally. Much less risk and time investment. Take a little off the top for fun money.
I would sell it personally. Much less risk and time investment. Take a little off the top for fun money.
Posted on 3/16/26 at 10:28 am to The Hamburglar
quote:
Recently, we inherited 200 acres of land in north Louisiana.
Taxes?
Posted on 3/16/26 at 10:45 am to The Hamburglar
quote:Which Parish?
Convince me NOT to sell 200 acres of land in north Louisiana.....
What's the story with mineral rights?
I would just figure out the annual carrying costs, what it would take to offset/manage them (including a realistic estimate of the value of your time) and then compare all of that to your overall risk tolerance and net worth situation.
If you find it's in the black or even right on the line, I would say just keep it. I agree with the general zeitgeist of most of the responses here: it's a good asset to have for a black swan type of event and you never know when it might come in handy.
Also, I might recommend ascertaining a true market value for the land and then taking that number and seeing what other land you might be able to buy with it that is more directly appealing to you.
Posted on 3/16/26 at 11:13 am to The Hamburglar
It depends what you’d do with the money
Posted on 3/16/26 at 11:16 am to Upperdecker
quote:
I would sell it personally. Much less risk and time investment. Take a little off the top for funko money
How many funko pops do you have
Posted on 3/16/26 at 11:40 am to el Gaucho
I mean how much can you sell it for? Most important detail..
Posted on 3/16/26 at 11:42 am to The Hamburglar
Where's it at exact? May be interested.
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