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Old 11-22-2021, 01:40 PM   #61
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Originally Posted by ivinsfan View Post
I don't know where the farm is but prepare for some sticker shock....south western MN a few miles from our place 109 acres at 9780 an acre and of course this means my RE taxes will go up for 22.
Farmland has become an investment vehicle. Billionaires like Bill Gates and Warren Buffett have bought up massive amounts of it. When I sold off Dad's 100 acres southeast Wisconsin in 2019, a mutual fund manager with $1M in his checking account snapped it up.
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Old 11-22-2021, 02:20 PM   #62
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As others have noted, not really enough info to offer a solid suggestion. I usually find these threads of interest for the many varied perspectives & this had some intriguing ones.

I'll suggest that the very fact that the OP posted it indicates that it is indeed not a financial matter, but rather a family dynamics matter. Avoiding that for the future by those reading this maybe a valuable outcome from the thread.

The 3 siblings that "don't care" may be patient now, but will likely want some cash soon enough & perhaps expect to disentangle before their heirs face it. The "entitled" one may not appreciate the upcoming eviction when a sale occurs. I'm assuming there has been a fairly recent death....who is the executor? They have a tough decision!

I mainly wanted to add though that farmland can actually be a very good investment, especially now. As with most real estate, specifics are what matters. But farms can be a good inflation hedge, act uncorrelated to stocks, etc. I'm not surprised by the many negative comments, but would caution against making assumptions based on limited experience and/or "folk lore".
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Old 11-22-2021, 03:34 PM   #63
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Yes, bill gates and buffet have bought many acres and then their followers have bought more, pricing the average farmer/investors out of the market.
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Old 11-22-2021, 03:36 PM   #64
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Yes, bill gates and buffet have bought many acres and then their followers have bought more, pricing the average farmer/investors out of the market.



In this case it wasn't any of the above but a guy that farms about 4 miles from us. Time will tell if her regrets the purchase.
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