ALright guys what would u consider a fair price an acre for wooded property in southeastern minnesota? Not tillable cause we all know how crazy the price of that has got. And im not talking what a guy would pay if he was desprit im talking a farmer that wants to dump it cause he only cares about his tillable and just would rather get rid of the wooded stuff
It has dropped in the last year or so from $3k/acre to $2k/acre. Slightly more if there are trees to log, slightly less if there are no potential logs. Tillable land, on the other hand, is getting crazy.
There is no way to answer that question without knowing where in SEMN it is. There is a big variation in value depending on where it’s at. If it’s close to a big city, expecially Rochester, it will be much more. The closer it is to a small town will add value. If it’s buildable, that ads value. There are just too many variables. It could be anywhere from $3-5000 and that’s a big difference.
ITs about 45 min from roch in the zumbro falls mezzepa area. Its not buildable
We’re also in the market for more hunting properties. The problem I’m seeing is that sellers seem to be basing their expectations on what they hear cropland has been going for. In western MN near Marshall recently a 160 acres went for $9,000 per acre! And as proof that we didn’t learn much from the housing boom/bust, there are lots of speculators in the market now looking to hold for a year or two and then flip. Good luck to ya.
But that doesn’t make hilly, rocky, wooded, or wet land worth a dime more. In fact, it may even make it worth less.
My advice is to figure out what it’s worth to you and offer that. Especially in the case of non-buildable land, because non-tillable, non-buildable land has two strikes against it and this kind of land is not going to attract a lot of legit offers.
Make an offer and then it becames a matter of if/how badly the owner wants to sell to get out from the taxes. I certainly wouldn’t go with your best offer first because these days with rising rural property taxes you may find a seller is a lot more motivated to part with the land than they were 10 years ago when the property taxes were peanuts.
I know a realator in northern MN had a sudden rush of listings a few years back. A 2X county increase in property taxes for recreational land with no permanant structures finally got the attention of some absentee owners who had been holding on to Grandpa’s huntin’ land because it had been costing them almost nothing to do so.
Grouse
IF YOU GOT THE CASH AND CAN HOLD OUT A FEW YEARS!!! Buy the wood with the crop land when crop prices drop out the bottom..
3 years and these farmers buying this land at ridiculous prices will be loosing it… they are all worried about paying taxes right now so they are spending money like its water… I say hold out if you can!!!
Sorry bout it boys but tillable land prices will not go down anytime soon…Tillable land will continue to rise until our deaths.Yes it may spike here and there but it wont crash.
You need to ask yourself if the land is really worth it, could you lease rights? And will you be allowed to hunt the crop land if you buy the woods, to me woods is nothig with out food and water. 
I have kinda the same thoughts on that but my thought is the goverment will bail farmers out they wont let them fall. I just dont think u will see farmers go broke anymore with all the ethanol plants and renewable energy stuff.
to me woods is worth nothing without food and water? In southeastern mn or mn in general I dont think food and water will ever be a issue in and woods its just everywere. But this woods does have water its a big vally with creek in the bottom that doesnt or has never been dry. As far as being ablr to hunt the fields yea I can hunt it most farmers that are all about crops would rather see deer extinct I think.haha
qdm4life…don’t be so sure.
Demand for soil (or the need for conventional farming techniques), is what will determine the price.
Ever heard of “hydroponic farming”? That is something that could kill tillable land prices overnight.
A farmer using hydroponic means, can avoid climactic (hail, flooding, drought), soil-type and pest issues and isn’t limited to the kind of produce they can grow. From a space perspective, you can get more yield as well – 1/5 the space needed.
A bit more info if interested…
http://www.gardenguides.com/98252-advantages-hydroponics-over-conventional-farming.html
I realize I took us a bit off topic…interesting stuff to think about though, as it relates to land prices in general.
well I just got a call from the land owner and he had it apraised It came out to 1400 an acre I thought that was a pretty good price what do u guys think?
Quote:
well I just got a call from the land owner and he had it apraised It came out to 1400 an acre I thought that was a pretty good price what do u guys think?
That sounds cheap even for recreational land.
Quote:
well I just got a call from the land owner and he had it apraised It came out to 1400 an acre I thought that was a pretty good price what do u guys think?
That sounds cheap even for recreational land.
THats what I thought to but I wont complain its 55 acres and im going to have a shot at another 50 acres a quarter mile away for the same price in a few years. Either that or im going to trade that farmer in a couple years some tillable for his timber. Not even up 50 for 50 but even up value wise. So I think im going to go for it. At that price Im thinking id be crazy not to. O and its hooked to a big woods probebly 150 plus acres and I know the people that own that are big on deer quality management. Hard core trophy hunters 
Sounds like too good a deal to pass up!
You must be logged in to reply to this topic.
