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Started By
Message
re: OB Farmers
Posted on 2/26/19 at 3:47 pm to KemoSabe65
Posted on 2/26/19 at 3:47 pm to KemoSabe65
quote:
ain't no money in being a landlord/ow
Sure it is
Get cash rent if yield concerns you.
Plus you don’t have to worry buying insurance
This post was edited on 2/26/19 at 3:48 pm
0
Posted on 2/26/19 at 3:58 pm to GREENHEAD22
quote:
Unload as in sell? If so just curious, how many acres and at what price?
He said he is looking to get appraised value so there is plenty of land available for that kind of price if you are looking.
This post was edited on 2/26/19 at 3:58 pm
Posted on 2/26/19 at 4:04 pm to KemoSabe65
I’m not hearing anything exciting about rice in my area. Corn acres will probably stay steady if due to nothing other than rotation and a lack of ginning/picking capacity, especially on irrigated/high-quality dirt. I assume all of yours is irrigated?
Cotton isn’t looking AS lucrative as it was last year, but it still beats the pants off of everything else with comparable yields.
Also, as a landowner on a share rent I would be all about me some cotton since it has always grossed higher than the other crops.
Questions I might ask a farmer would be if he has a plan on ginning/picking and what his historic yields have been between crops.
Cotton isn’t looking AS lucrative as it was last year, but it still beats the pants off of everything else with comparable yields.
Also, as a landowner on a share rent I would be all about me some cotton since it has always grossed higher than the other crops.
Questions I might ask a farmer would be if he has a plan on ginning/picking and what his historic yields have been between crops.
Posted on 2/26/19 at 4:09 pm to lsu13lsu
quote:
He said he is looking to get appraised value so there is plenty of land available for that kind of price if you are looking.
You can go broke farming good dirt just as easily as bad if the price is wrong.
At $4500 an acre you’ll never even break even, much less make money.
Posted on 2/26/19 at 4:24 pm to angus1838
quote:
I really think i would be better off to fence everything, put it in pasture, and just run cows.
Come see me. I have lots of fence need building and ill sell you the cows that are already there ( as soon as I have time to go catch them in my neighbors food plots
) In all seriousness, I wish I had land good for cane farming to lease out
Posted on 2/26/19 at 4:37 pm to KemoSabe65
quote:Let my appraiser value your property then I'll pay you appraised value. You dig?
$4,500/ac, morehouse parish 1.5 miles west of 165 and half way between Merouge and Bonita. Hope i can unload it before the end of 2019.
Posted on 2/26/19 at 5:20 pm to FelicianaTigerfan
Giving up?
Posted on 2/26/19 at 5:23 pm to Decisions
Unless of course you put substantial down payment.
4500 is top dollar.
Top notch farm land will bring that.
4500 is top dollar.
Top notch farm land will bring that.
Posted on 2/26/19 at 5:23 pm to GREENHEAD22
What's yall's opinion?
I've been thinking land prices would soften some but on the other hand, with interest rates remaining relatively low I think land prices will stay steady.
What says the OB gurus?
I've been thinking land prices would soften some but on the other hand, with interest rates remaining relatively low I think land prices will stay steady.
What says the OB gurus?
Posted on 2/26/19 at 5:34 pm to p&g
Aint no farmer anywheres getting rich off buying their own land at full retail value and farming it. You become a wealthy farmer by starting on family land and working other people's land all the while buying up bits and pieces here and there of your neighbors and acquaintances for good deals so that "rich city boys" don't ruin it.
Posted on 2/26/19 at 5:47 pm to baldona
Institutional investment firms are where you will get the top dollar. Not a local farmer or not likely. If listing land for sale in addition to local it needs to be nationally advertised.
Posted on 2/26/19 at 5:51 pm to baldona
Yep
Posted on 2/26/19 at 6:06 pm to White Bear
Land prices in SWLA, heavily driven by the allure of “hunting potential”, are absurdly high. I’m talking 2-4% COC returns.
This is from a rice perspective
This is from a rice perspective
This post was edited on 2/26/19 at 6:09 pm
Posted on 2/26/19 at 6:27 pm to GREENHEAD22
quote:
Giving up?
Regrouping
Wanna get started on building a house this year. Need to liquidate some assets and make room for other stress
Posted on 2/26/19 at 6:27 pm to Martini
Bingo, give this man a cigar!
Posted on 2/26/19 at 7:03 pm to FelicianaTigerfan
How many head you up to?
Posted on 2/26/19 at 7:16 pm to CarRamrod
quote:
IF there was no money in it you would have sold already.
Big wrong. Just because someone owns a bunch of land, it doesn't mean they are rich. Me, I got some from my Mom, they bought out brothers and sisters. That land sits now and cost me a shite load even though I gave it to my kids. Heck, I don't even hunt anymore. But one day, my one grandson will do something with it. His Mom and Dad had added to it too! Total close to 400 ac now. And yes, they are not making anymore.
Posted on 2/26/19 at 7:51 pm to p&g
quote:
Unless of course you put substantial down payment.
What does that change? It’s still a bad investment. If I’ve got a pocketful of cash I’ll just spend it on something that actually makes money like land leveling, grain bins, equipment, etc..
Land values in private sales have already softened and slowed some. I’ve been watching some pieces sit on the open market for quite a while now.
If interest rates continue to creep they will apply more downward pressure, the trade deals need to be worked out to bring soybeans back into the mix, and at some point these large investment firms are going to realize that the insurance farmers who rent out these large tracts of land aren’t a sustainable business model. If those guys ever start shedding land you will definitely see it head south fast.
Posted on 2/26/19 at 7:53 pm to jimbeam
Thx. COC analysis is interesting, quick and dirty. I use IRR and NPV usually.
Posted on 2/26/19 at 8:29 pm to Cowboyfan89
quote:
You're going to have to explain this one, because I work with a lot of rice farmers, and I've yet to see one with a land leveled field that isn't leveed.
I assume you mean they don't need as many internal levees.
Correct for sw la where we don’t have as much topsoil where levees are taken out and the cuts are zero grade in between but places closer to the river and going north into the delta they will have 100+ acre fields with no levees
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