Your Piece of Heaven is Worth What it is Worth

| 4/20/2016 9:08:00 AM

Tags: Farmland Prices, Land Prices, Lois Hoffman,

Country Moonfarmland2


Wall Street is so volatile. Stock prices, commodities prices, they all fluctuate hourly, sometimes even by the minute. It’s a complicated world where a person can go from rags to riches and vice versa in a matter of seconds. Just as volatile, and equally confusing, are land prices; more specifically, agricultural land prices because there are so many variables to consider when buying or selling.

Anyone who owns a piece of earth owns a piece of heaven. As Will Rogers so amply said it, “Buy land. They ain’t making any more of the stuff.”

I am small fry, very small fry, when it comes to land ownership. My 37 acres is but a drop in the bucket when paired against others who own thousands of acres. Nonetheless, this is my little piece of the earth. I only share it with God. I am His steward of the land and, between the two of us, we decide each year what will be raised on it, if anything will be raised on it and how it will be cared for. I consider myself fortunate to be entrusted with my little corner of the world.

However, my little piece of the world is situated near a small town and rumors get started in small towns. That’s just a fact of life. Lately, the rumor has been going around my neck of the woods that I was looking to sell my land. Nothing is further from the truth. But it did get me to thinking that, hypothetically, if I did sell my land, “What would it be worth?” I literally had no idea how prices for agricultural land were determined and what factors were involved. After diving into the cluster mess of land values, I found some interesting facts.

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