Bill Gates: America’s Top Farmland Owner
- Thread starter dealmaker
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Might backfire.
During the 2008-2009 smashola, farm land declined from about $8,000/acre to $1,500. Then again if "things" go into total collapse to where "nobody's paper money is worth diddly-boo"... real assets like farm land, toilet paper, and Tampax... will be of some value.
During the 2008-2009 smashola, farm land declined from about $8,000/acre to $1,500. Then again if "things" go into total collapse to where "nobody's paper money is worth diddly-boo"... real assets like farm land, toilet paper, and Tampax... will be of some value.
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The $1500 number is an outlier event as it never sold for $8000.
Your remark is nothing close to reality.
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Look now at the chart in my post above.
re: Iowa farmland
https://www.extension.iastate.edu/agdm/wholefarm/pdf/c2-72.pdf
who cares the question is why?
he is investing heavily in wind energy as well as electric cars with Chrysler and GM.
Apple may do a deal with HYUNDAI (OTC)
Bill hates not being the richest in the world he is after all a capitalist.
Wind and solar energy from above while maybe growing crops below.. hmm a win win or is someone going to make hyfrogen more viable like hyundai?
who knows.
he is investing heavily in wind energy as well as electric cars with Chrysler and GM.
Apple may do a deal with HYUNDAI (OTC)
Bill hates not being the richest in the world he is after all a capitalist.
Wind and solar energy from above while maybe growing crops below.. hmm a win win or is someone going to make hyfrogen more viable like hyundai?
who knows.
Nice, their land was in Mitchell county, and I just double checked and the sale was actually 3 years ago now. I looked up the auction price and he actually did all right looking at those values, roughly $8000 an acre for the farm land, it was the 10 acres with the house that went for much less that I was thinking about.