How To Allocate A Land Purchase?

I was recently asked the following question. " Paul, you cover depreciating improvements on land. I am buying 150 acres in north-central Iowa that is bare ground. It has two county main tile lines running through it, has a blacktop road on one side and a gravel road on another. I am paying $705,000 for the farm. 15 acres are in CRP because they are wet. What percentage can you typically deduct for roads, tile, etc?” When you purchase 150 acres of farm land, you are, as in this case, actually purchasing many components that need cost … [Read more...]

Land as an Investment

I don't think it comes as a surprise to anyone that land is a great investment, but for most people all they hear about land investment is what they hear from some Real Estate GURU with a pitch about how to get rich quick with residential real estate.  All the gurus make it sound so easy. But do you really want that? The headaches of buying houses, dealing with contractors in some never ending rehab operation, then trying to find tenants……then dealing with all the problems……broken water pipes…..busted water heaters……clogged toilets.  Do … [Read more...]

USDA Seeks Conservation Acres for New Farmers

Land owners who are willing to sell or lease conservation acres to new farmers could receive federal money because of a new program offered by the Department of Agriculture. Click here to learn more and read article … [Read more...]

Log Scale Stick

Here's a great tool to help you estimate trees sizes, so you can better understand timber value. It's easy to use and inexpensive. Check it out! … [Read more...]

More Good News!

Did you realize that forest land has increased 10% since 1920, despite a 143% increase in population!! Also, over 36 million acres of commercially suited forest land are in permanent preserves that will never be harvested.  That is good news! … [Read more...]

An Incredibly Bad Idea

While controlling access to your country retreat is important, there is a right way and a wrong way.  Here's a little secret.....many landowners do it the wrong way.  Don't make this mistake on your land. … [Read more...]

Tips and Techniques – Building a Road

Building a "woods" road doesn't have to be expensive and it doesn't need to be disruptive (or destructive) to the natural beauty of your land.  Here's an idea on how to build a good road - quickly, inexpensively, and with little impact to nature. … [Read more...]