This entry was posted on Tuesday, March 10th, 2009 at 8:47 am and is filed under General, KY Economics, Properties. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
Old McDonald Has a Gold Mine
Amid the sinking values of offices and shopping centers, the value of farmland increased almost 9 percent in the past year according to the National Agricultural Statistics Service’s 2008 summary. The average cost of an acre stands at $2,350, a record high, and $190 higher than 2007. The average acre price has almost doubled since 2002. Despite a slowing economy, encroaching development continues to push farmland prices higher, particularly in the Northeast, which has the highest price per acre of any region.
Land prices, once again, prove land is a great investment
This CIRE land price chart, once again, proves land is a great investment – plus it is not going to vaporize one day – like equities and stocks have been known to do. We knew that, I’ve been investing in land since I was 17 years old. Call me and I will talk to you about investing in land. you must act now, while sellers are motivated.
Call Cindy or Brad Simmons to get you started in looking for that dream land – when is it your turn to have your dream? 859-319-5000 or 859-319-4000
July 13th, 2009 at 11:09 pm
[...] larger acreage becomes more scarce and higher in demand, the prices will keep increasing. Read this article – you’ll find it interesting. Pricing per acre will vary greatly, depending [...]
November 27th, 2009 at 1:55 pm
[...] been to the BluegrassWhat does land sell for per acre in Kentucky? This is our #1 question. on The average acre price has almost doubled since 2002What does land sell for per acre in Kentucky? This is our #1 question. on Rare Opportunity – [...]
December 17th, 2009 at 6:53 pm
land has always been a great investment. you can raise your own food and still have independence.