DuckSouth.com

driveby wrote:

JaMak84 wrote:Lotta land been changing hands here in the Delta the last 2 years.

I was telling my manager about it this morning. He doesn't duck hunt or go over into the delta but right off the bat mentioned something. He said he read an article that stated a private entity was buying large chunks of property, particularly in the Mississippi delta, and are being very secretive about it. It stated they were throwing ridiculous money out there too. The article was published in hopes someone would tell more about who this is because, up until now, they were making the sellers sign confidentiality agreements. It may or may not have anything to do with the property I was leasing being sold but the scenario is the same.

Yep, I know of at least one bag man buying up property for clients he's not authorized to disclose the identity of.

JaMak84 wrote:

driveby wrote:

JaMak84 wrote:Lotta land been changing hands here in the Delta the last 2 years.

I was telling my manager about it this morning. He doesn't duck hunt or go over into the delta but right off the bat mentioned something. He said he read an article that stated a private entity was buying large chunks of property, particularly in the Mississippi delta, and are being very secretive about it. It stated they were throwing ridiculous money out there too. The article was published in hopes someone would tell more about who this is because, up until now, they were making the sellers sign confidentiality agreements. It may or may not have anything to do with the property I was leasing being sold but the scenario is the same.

Yep, I know of at least one bag man buying up property for clients he's not authorized to disclose the identity of.

NSA. Catfish ponds will be new listening devices. Bennie Thompson told me.

The fact of the matter is we have some of the most undervalued land in America. All of the investment gurus have finally figured that out. They look at the Midwest and such where farmland sells for 5000-8000 an acre and then look here where great farmland sells for anywhere from 1000-3500 per acre. It truly is a great investment for them. They buy, rent it out for 10 years, then sell for double the price. You can't get that kind of return on any investments out there. I do know some big german companies have been buying up some....as well as everyone else now.

Deltaquack wrote:The fact of the matter is we have some of the most undervalued land in America. All of the investment gurus have finally figured that out. They look at the Midwest and such where farmland sells for 5000-8000 an acre and then look here where great farmland sells for anywhere from 1000-3500 per acre. It truly is a great investment for them. They buy, rent it out for 10 years, then sell for double the price. You can't get that kind of return on any investments out there. I do know some big german companies have been buying up some....as well as everyone else now.

I agree for the most part. I still am of the opinion that ag value is not the 100% driver of the inflated prices. I have seen properties sold that will not "pay off" from ag production for the next 20+ years. Granted I am assuming yield and price factors well beyond reasonable projection time periods and the properties I am mentioning are not a 100% representation of the sum of land purchases in the Mid-South. The margins these folks are running are super tight. I will be interested to look back in 10 years and see how these "undervalued" land grabs work out. I just hope I'm still seeing it from my place and not the fry machine at McDonald's.

As to the loss of hunting property that blows, but it sounds like deltaquack will be buying some ground. Maybe he can lease a hole.

driveby wrote:Bigwater would just stroke a check if that ever went up for sale.

and, he'd have help from me....

sorry to hear what's happened but if you ever wanna go hit a lick or two, all you gotta do is holler.......you to donia.

gator

It does suck. And it HAS happened to most all of us at some point. Still sucks though, bro.

How many of ya'll with leases actually record the lease in the county land records?

gps4 wrote:How many of ya'll with leases actually record the lease in the county land records?

Recipients of cash usually don't like things to be recorded..........................i bet very few though.

Northbigmuddy wrote:

Deltaquack wrote:The fact of the matter is we have some of the most undervalued land in America. All of the investment gurus have finally figured that out. They look at the Midwest and such where farmland sells for 5000-8000 an acre and then look here where great farmland sells for anywhere from 1000-3500 per acre. It truly is a great investment for them. They buy, rent it out for 10 years, then sell for double the price. You can't get that kind of return on any investments out there. I do know some big german companies have been buying up some....as well as everyone else now.

I agree for the most part. I still am of the opinion that ag value is not the 100% driver of the inflated prices. I have seen properties sold that will not "pay off" from ag production for the next 20+ years. Granted I am assuming yield and price factors well beyond reasonable projection time periods and the properties I am mentioning are not a 100% representation of the sum of land purchases in the Mid-South. The margins these folks are running are super tight. I will be interested to look back in 10 years and see how these "undervalued" land grabs work out. I just hope I'm still seeing it from my place and not the fry machine at McDonald's.

As to the loss of hunting property that blows, but it sounds like deltaquack will be buying some ground. Maybe he can lease a hole.

I have never owned any farmland. All of my friends that deal in that make dang good money doing it though.

Deltaquack wrote:

Northbigmuddy wrote:

Deltaquack wrote:The fact of the matter is we have some of the most undervalued land in America. All of the investment gurus have finally figured that out. They look at the Midwest and such where farmland sells for 5000-8000 an acre and then look here where great farmland sells for anywhere from 1000-3500 per acre. It truly is a great investment for them. They buy, rent it out for 10 years, then sell for double the price. You can't get that kind of return on any investments out there. I do know some big german companies have been buying up some....as well as everyone else now.

I agree for the most part. I still am of the opinion that ag value is not the 100% driver of the inflated prices. I have seen properties sold that will not "pay off" from ag production for the next 20+ years. Granted I am assuming yield and price factors well beyond reasonable projection time periods and the properties I am mentioning are not a 100% representation of the sum of land purchases in the Mid-South. The margins these folks are running are super tight. I will be interested to look back in 10 years and see how these "undervalued" land grabs work out. I just hope I'm still seeing it from my place and not the fry machine at McDonald's.

As to the loss of hunting property that blows, but it sounds like deltaquack will be buying some ground. Maybe he can lease a hole.

I have never owned any farmland. All of my friends that deal in that make dang good money doing it though.

I agree there is excellent money in it. Your numbers are a little conservative as well. The higher end is around 15K an acre. I dunno how that math works but it does make 3K+ delta ground a bargain. I will probably start buying lottery tickets. Maybe get in on the action.

I know it sucks to lose a hunting spot, but it's even worse when you are farming the land and this happens. I think the land deal is over blown commodities will not always be so high! You don't believe me ask a farmer that survived the 80s! And the 90s! But the Germans have several blocks around Indianola.