Recently, I asked if farmland prices had surpassed the point of profitability. The response was mixed — prices in some areas were listed as quite high, but often actual sales occurred at a lower, more manageable price. As balance, however, prices far beyond even the $15,000 an acre discussed have since been reported in areas of Ontario and the U.S. Midwest. Yes, it’s farmland, not development land. It’s enough to make your head whirl. Which brings me to my next question: do you really need to expand your acres, or could you do a better job with what you’ve got?…
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