Land Values in Central NY
JAMES MARTIN 08/18/2013 @ 6:09am
In Central NY, land values crashed in 2009. They have not recovered.
Recently I tried to sell a 70 acre piece of farmland and was told it was worth less than what a paid for it years ago. Rental prices here are laughable. $25 per acre in some areas. Why not move, people say, you can't sell your land!!! Land is CHEAP here(not by the lake where the rich folks live) if I were younger, I'd expand and buy 300 more acres at these prices. Also, hay is cheap here.
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