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The Water Cooler
General Discussion
Anybody have time to answer some questions about rural acreage?
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<blockquote data-quote="jollyrancher" data-source="post: 3723341" data-attributes="member: 48430"><p>Here's my 2 cents. If the 40 acres of split ownership is a separate tract according to the legals and it just butts up to the quarter on one side, buy just the quarter if you're getting a good price for land in that area. Try to also obtain the minerals if you can, but that's not a deal breaker. Land is a limited commodity; they're not making more. If you're dead set on owning ground, this will probably be your best opportunity as far as bang for your buck. All of the good deals in my area as far back as I can remember have been private sale. You do not want to try to buy land at auction. Yeah, somebody on here will probably say "Well I got such and such acres for a steal at auction". And it's probably the only ground they've ever bought. And no. I don't own any ground. Why would I? My granddad has put together a sizable chunk over his years as a farmer (20 quarters from Ames through Drummond and Lahoma up to Carrier), and I'm the only heir that farms. Well, I was able to get into farming because of him. He's my landlord. So basically what I'm trying to say is I'm pretty tied into the land purchases in my area. Auctions are high. People get into bidding wars to see who has the biggest d@#*. Granddad is still buying and just picked up 240 acres this past fall at auction. A few of his purchases were private sale and they were all hands down cheaper than auction purchases in that time frame. Back to the 40 of split ownership. You're stewing it too much. You have other neighbors. It's just a quarter. People border you. You ought to see what most of my neighbors pulled recently. I have the only home on 480 acres that will be mine once Grandpa passes. Wind people came this past summer and stood wind generators up. We wouldn't sell out. Grandpa and a good family friend (he wouldn't lease to them either) own most of the land for 3 miles to the east of me. So the gennys were kept to just the west side of me. It still sucks. They stood a bunch of them up and they get to within about a mile from me. My beautiful view off my back porch over the native grass pasture and my Hereford cows is shot to crap. Nothing you can do. Not my ground. That's the beauty of land owner rights. But it still is hands down better than living in some neighborhood with a truckload of neighbors.</p></blockquote><p></p>
[QUOTE="jollyrancher, post: 3723341, member: 48430"] Here's my 2 cents. If the 40 acres of split ownership is a separate tract according to the legals and it just butts up to the quarter on one side, buy just the quarter if you're getting a good price for land in that area. Try to also obtain the minerals if you can, but that's not a deal breaker. Land is a limited commodity; they're not making more. If you're dead set on owning ground, this will probably be your best opportunity as far as bang for your buck. All of the good deals in my area as far back as I can remember have been private sale. You do not want to try to buy land at auction. Yeah, somebody on here will probably say "Well I got such and such acres for a steal at auction". And it's probably the only ground they've ever bought. And no. I don't own any ground. Why would I? My granddad has put together a sizable chunk over his years as a farmer (20 quarters from Ames through Drummond and Lahoma up to Carrier), and I'm the only heir that farms. Well, I was able to get into farming because of him. He's my landlord. So basically what I'm trying to say is I'm pretty tied into the land purchases in my area. Auctions are high. People get into bidding wars to see who has the biggest d@#*. Granddad is still buying and just picked up 240 acres this past fall at auction. A few of his purchases were private sale and they were all hands down cheaper than auction purchases in that time frame. Back to the 40 of split ownership. You're stewing it too much. You have other neighbors. It's just a quarter. People border you. You ought to see what most of my neighbors pulled recently. I have the only home on 480 acres that will be mine once Grandpa passes. Wind people came this past summer and stood wind generators up. We wouldn't sell out. Grandpa and a good family friend (he wouldn't lease to them either) own most of the land for 3 miles to the east of me. So the gennys were kept to just the west side of me. It still sucks. They stood a bunch of them up and they get to within about a mile from me. My beautiful view off my back porch over the native grass pasture and my Hereford cows is shot to crap. Nothing you can do. Not my ground. That's the beauty of land owner rights. But it still is hands down better than living in some neighborhood with a truckload of neighbors. [/QUOTE]
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