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re: Convince me NOT to sell 200 acres of land in north Louisiana.....
Posted on 3/16/26 at 12:21 pm to Bard
Posted on 3/16/26 at 12:21 pm to Bard
quote:
What would you do with the money if you sold?
The most important question, IMO. It seems to me that people who sell with no plan for how the money will be reinvested just blow it, eventually.
Even an underperforming asset is better than nothing at all.
1
Posted on 3/16/26 at 1:11 pm to Decisions
quote:
The most important question, IMO. It seems to me that people who sell with no plan for how the money will be reinvested just blow it, eventually.
Exactly this. It takes some people a little longer, but it does eventually get squandered when there's not a plan in place.
Posted on 3/16/26 at 2:54 pm to The Hamburglar
It's never a good idea to sell land especially that many acres. Property tax can't be much. 100% keep it.
Posted on 3/16/26 at 3:02 pm to The Hamburglar
Posted on 3/16/26 at 6:36 pm to The Hamburglar
Proximity to urban or suburban areas?
Taxes?
Any harzards that require extraordinary insurance?
Any natural resources? Remember in Louisiana you only retain mineral rights for 10 years if you sell and IF you reserve them as part of the contract.
If leasable for farming, I agree with several others who have suggested that. If covered with timber, become a timber baron and replant for you kids and grand kids.
Taxes?
Any harzards that require extraordinary insurance?
Any natural resources? Remember in Louisiana you only retain mineral rights for 10 years if you sell and IF you reserve them as part of the contract.
If leasable for farming, I agree with several others who have suggested that. If covered with timber, become a timber baron and replant for you kids and grand kids.
Posted on 3/16/26 at 7:00 pm to The Hamburglar
What parish we talking about?
Don't sell the minerals.
Lease it to a farmer to cover property taxes.
Leave it as a legacy to your kids.
Don't sell the minerals.
Lease it to a farmer to cover property taxes.
Leave it as a legacy to your kids.
Posted on 3/17/26 at 12:33 am to 3rdgentgr
There’s something about having a piece of property, especially one of that size, as a getaway, bug out, escape TO reality that if sold, you’ll probably never be able to obtain again.
We have a decent piece of property and it gives me peace of mind that if I ever need it to do whatever with, I have an Ace in my hand.
That N La land is good, fertile ground. Good, fertile ground is shrinking exponentially. It’s valuable now, but will be much more valuable as US farmland shrinks. Unless you REALLY need the money, don’t sell. At least try to lease it out first before you and sell, to see if that makes sense.
We have a decent piece of property and it gives me peace of mind that if I ever need it to do whatever with, I have an Ace in my hand.
That N La land is good, fertile ground. Good, fertile ground is shrinking exponentially. It’s valuable now, but will be much more valuable as US farmland shrinks. Unless you REALLY need the money, don’t sell. At least try to lease it out first before you and sell, to see if that makes sense.
Posted on 3/17/26 at 4:21 am to The Hamburglar
quote:
we inherited 200 acres
Who is we? Being a co-owner of land with siblings, cousins, or the like can turn into a nightmare. You can't lease, sell, or mortgage the tract without the agreement of crazy Aunt Kathy and her 10% interest. Or, even worse, after Kathy dies, you need the signatures of her 4 illegitimate children spread across the country in various prisons, homeless shelters and mental wards.
If it's a co-owner situation, and everyone is on board now to sell, I'd lean to selling while it can be done with minimum headache. If it's all owned by you, then maybe keep it if the cost of ownership (property tax, insurance, etc.) can be covered by leasing to a farmer.
But then consider your estate planning. Do you want to leave it jointly to your three kids, one of who is potentially a crazy Aunt Kathy type or has insane children who might enter the game? Or do you have another plan for it?
These are all things to consider.
Posted on 3/17/26 at 7:44 am to The Hamburglar
Too many unknowns to get good advice.
Agree with those asking what else you would do with the proceeds as being important.
All those acting like you should never consider selling are not giving good advice. There is no way to be certain you should never sell. Don't listen to them. Keeping the land may or may not be a good decision, but these "experts" don't have any details to give this advice.
Agree with those asking what else you would do with the proceeds as being important.
All those acting like you should never consider selling are not giving good advice. There is no way to be certain you should never sell. Don't listen to them. Keeping the land may or may not be a good decision, but these "experts" don't have any details to give this advice.
Posted on 3/17/26 at 7:54 am to The Hamburglar
quote:
The Hamburglar
Hmmmm. Simsboro?
Posted on 3/17/26 at 8:27 am to blueboxer1119
quote:
Hmmmm. Simsboro?
Ain't no soy beans in Simsboro Baw. Only pine trees.
Posted on 3/17/26 at 9:32 am to The Hamburglar
quote:
Convince me NOT to sell 200 acres of land in north Louisiana.....
List it for a price that you would absolutely have no regrets about if it sold. Leave it like that for a year and if it hasn't sold, reevaluate.
Posted on 3/17/26 at 10:06 am to KWL85
The saddest thing about this thread is that this poster would never consider giving up his soy city email job life to go get his hands dirty and do a real job like farming
When ai learns to wear sweatpants and order door dash a lot of yall will be out of work
When ai learns to wear sweatpants and order door dash a lot of yall will be out of work
Posted on 3/17/26 at 10:59 am to The Hamburglar
Sale it. Buy land in north central Arkansas
Posted on 3/17/26 at 11:05 am to el Gaucho
quote:
The saddest thing about this thread
quote:
When ai learns to wear sweatpants and order door dash a lot of yall will be out of work
if you're gonna be condescending, you should be smart enough not say yall.
Posted on 3/17/26 at 12:28 pm to The Hamburglar
I am a co-inheritor of a similar amount of soybean land in Arkansas on the White River.
It's getting $204/acre per year leasing to an ag company. Land quality determines the price. $204 is on the high side of that.
You mentioned Soy and Hay. From what I understand, hay isn't that profitable. But I'm no expert.
Out of that, you are responsible for the property taxes and well maintanence. The Lessee is responsible to keep a $1 million insurance policy on the land to protect themselves. The lease is structured so 1/3 of the rent is due up front, then 2/3 after harvest. These are usually 2 to 3 year leases which are more attractive to farmers. They don't have to work the land and get it right, then only get one harvest and have to move on. But it's also not long term enough where if they are having consistently shitty luck on the parcel, they can't leave.
So now you have some numbers to work with.
It's getting $204/acre per year leasing to an ag company. Land quality determines the price. $204 is on the high side of that.
You mentioned Soy and Hay. From what I understand, hay isn't that profitable. But I'm no expert.
Out of that, you are responsible for the property taxes and well maintanence. The Lessee is responsible to keep a $1 million insurance policy on the land to protect themselves. The lease is structured so 1/3 of the rent is due up front, then 2/3 after harvest. These are usually 2 to 3 year leases which are more attractive to farmers. They don't have to work the land and get it right, then only get one harvest and have to move on. But it's also not long term enough where if they are having consistently shitty luck on the parcel, they can't leave.
So now you have some numbers to work with.
Posted on 3/17/26 at 12:37 pm to The Hamburglar
Hey Ham,
You've received many responses. Why don't you reply to them?
You've received many responses. Why don't you reply to them?
Posted on 3/17/26 at 1:15 pm to The Hamburglar
Can food be grown on it?
Posted on 3/17/26 at 1:17 pm to deeprig9
quote:just curious, what conditions (if any) are in place with regard to soil health, etc?
deeprig9
Posted on 3/17/26 at 2:32 pm to cgrand
quote:
just curious, what conditions (if any) are in place with regard to soil health, etc?
Nothing that I saw in the lease.
I imagine the farmer would soil test the shite out of it before signing the lease. I wasn't involved when we first started leasing to this ag co so I don't know what original up-front due diligence went into it.
This post was edited on 3/17/26 at 2:34 pm
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