Yeah, it would be crazy expensive. Not sure what land prices are like in ND, but could buy a fair chunk of land for that where I’m from. Always tough spending on buildings or machinery when the money could be going towards expanding a farms land base.
@@JT-gi8rx land just sold for 5100/acre around me. But right now it's too many doctors and such buying up the land as investment vrs looking into crop ROI.
@@allenbraun8759 it’s about $1600-$2000 an acre here in Saskatchewan, but our province only has a million people and half of that is in 2 cities. We also have restrictions on foreign buyers, it’s heavily limited as to how many acres someone from outside the province can buy. Our land rent is only $50-$60 an acre in our area as well, so not a crazy good ROI. Land’s never a bad investment, though, you can make profit from it and it steadily appreciates. Hoping this next year is a good one, it will be a game changer if canola prices stay over $18/bushel for us.
