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re: OB Farmers

Posted on 2/26/19 at 9:54 pm to
Posted by White Bear
Yonnygo
Member since Jul 2014
14135 posts
Posted on 2/26/19 at 9:54 pm to
quote:

Ftr he paid 600-800 for it when bought.
What's his basis when adjusted for inflation?
Posted by p&g
Dixie
Member since Jun 2005
12995 posts
Posted on 2/27/19 at 5:39 pm to
It was in the late 80s

Easy math tells me the diff of a $700 acre avg investment vs a $3500 value today is a diff of 2800 per acre.


I’m not sure what y’alls guidelines or definition of inflation is .... but a safe bet id assume 2800 hundred over 30 years isn’t it.




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