This market is odd. I’ve seen some farms sell very high, and then I’ve seen a few sit on the market and maybe even go below market ?
There might be some buyers taking a break until they know what the future looks like with commodities/CRP/timber value etc…
If your land qualifies for WRP, or the official term is WRE … you can get $5000 per acre or more , paid to you. Lump sum .
Those acres can never be farmed & have further restrictions. Mostly crop land that floods or was a wetland/tiled.
—30 year easements & permanent easements!
I would have never guessed that WRP would ever sell for 5000 acre ?
Keep in mind the current owner probably received 5-7k in WRP easement money ? He’s gonna make bank !!
I personally do not buy those farms .. unless they are just dirt cheap . I like income on my farms (crop or CRP). Then I can justify it to my wife (as an investment)!!;)
In this case I think it is a USFW easement. You cannot plant any crop, minimal food plots, can’t build on it …
Pasture only , maybe some cutting of hay after August 1.
The land sold after the auction… guessing around $2000/acre .
A 360 acre parcel with a wildlife easement (pasture only.. limited food plots)was on auction today in Minnesota.
Nice property, solid duck/goose, good whitetail farm . Mostly pasture with brush and cattail slough, some woods, rolling terrain .
$1750 was the highest bid… no sale, reserve not met !
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