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12 best farmland bargains

Updated: 03/05/2014 @ 10:02am

Check out these deals and get the most bang for your farmland buck!


1. West-Central Texas

  • $600/acre     
  • Annual land payment: $50/acre
  • Where: Scurry County and surrounding
  • Soils: Clay and sandy loam
  • Rainfall: 20-24 inches
  • Crops: Wheat, hay, pasture

Budget to grow wheat
Costs (excluding land)

  • - Chemicals and seed: $111
  • - Machinery and fuel: $51
  • - Labor, insurance, interest: $14

Total: $176


Returns

  • 30 bu/acre @ $7.50/bu: $225
  • Return to land debt service: $49/acre

Cautions: Dry weather is always an issue here; irrigation is uncommon. Winter/spring grazing of wheat forage may be one possibility for adding more returns per acre.

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Good luck 03/26/2014 @ 7:10pm Try at least doubling your fertilizer cost and you are pretty optimistic that you will walk right in, grow potatoes, and get a contract for $9.

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Do you understand ag? 03/21/2014 @ 8:38am If you do than certainly you must have some working knowledge of rotations and sustainability?

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