Land sells at $1 mil per acre
You can't afford the land to run cattle on or grow crops on. It's too valuable for other uses. This means we will eventually import all our food from overseas. Wonderful thought isn't it.
Our deep respect for the land and its harvest is the legacy of generations of farmers who put food on our tables, preserved our landscape, and inspired us with a powerful work ethic. James H. Douglas
Random Photo from The Gallery
A couple of hen pheasants outside our house on a windy day. The past 10 years or so the bird population has really taken off for some reason. I'm not complaining but it is interesting. Taken 12/13/2005.
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All Sarpy Sam and Sam's Darling Wife photos copyright 2004,2005,2006 ,2007
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Part of the reason that valuations are this high is the ridiculously low cost of credit. Once borrowing rates start to catch up to the general economy, the bottom will fall out of valuations nationwide.
When that happens, at least production land will decrease in price enough for it to stay in production.