Quote:
Originally Posted by NotGolfer
Farm-land prices have dropped to nearly 1/2 of what they were a year ago due to the price of commodities.
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Some people from USA bought farm land in Brazil 30+ years ago.
Land prices in Brazil were less than $60. per acre.
It is over $ 7000. per acre today.
The Bettter land is even higher.
Since Brazil BANS all GMO seeds from entering their country,
I see land in Brazil holding value and USA land prices falling.
Of course IF USA forces MORE Corn into our Gasoline
we may see a stop to further USA land price losses.
The total cost of an acre of land in Brazil WAS less the than
the yearly $ taxes on the land in USA.
Did not take a Rocket Surgeon or Brain Scientist to figure out
where to sell and where to buy land.
Of course the Two to Three Crops per year and topsoil
5 to 12 feet deep helps a bit, also.