Unfortunately no. Only way this ever changes is if the government removes ag exemption.

Tumble Weed said:

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If we had a 10 year drought and economic downturn you would see some relief in prices.

Not a very high probability.

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Im not sure of that. Land is currently viewed as an investment. Culturally America has maintained an expansionist mindset despite having grown to color in the whole space.

A better model for what American land ownership will look like going forward is Europe where English aristocracy owned most of Ireland - with many owners having never set foot on their property.

City $ is in being parked in rural land and it's not going to change unless the system is flipped (whether legally or with massive depopulation).

Tumble Weed said:

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If we had a 10 year drought and economic downturn you would see some relief in prices.

Not a very high probability.

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Northern New Mexico has had more than 10 year drought, last year the fires, and only this spring is wet. Land prices have never backed off - in fact, they are stupid high.

Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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Well the dot gov could start selling the public's land back to the public... you know, increase the supply end of things...

I'm an old and during my adult life ag land has never been valued based on its ag economic capabilities. It came close in the late 80s when Texas and the southwest were in a terrible depression (all TX banks failed, oil at $11/barrel, and commercial real estate was literally being sold for a song). If it didn't get down to its ag value then, it never will.

rab79 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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Well the dot gov could start selling the public's land back to the public... you know, increase the supply end of things...

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No.

rab79 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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Well the dot gov could start selling the public's land back to the public... you know, increase the supply end of things...

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Most public land that isn't in parks is out west and arid. And it's auctioned most will just be bought by investment companies anyway.

CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

Given the flood of money from the big cities buying rural land, I'm not sure that tougher exemption laws would discourage investment

If a lawyer or doctor can pay $10,000 an acre for initial purchase, is raising taxes from $10 a year to $100 a year that big a deal?

CS78 said:

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ldg397 said:

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CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

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My thoughts too. Ag exemption allows people to throw a couple cows on it and let it ride forever. It cost little to nothing to just hold onto it and pass it down. Remove that and people will either be forced to produce or sell. The market would be flooded with properties and prices would fall heavily.

Not saying Id be a fan but it would bring the value of the land down to what it is capable of producing.

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This exactly. You'd see land fall to its exact worth. I'm all for it. It's insane that people living on massive ranches pay less in property tax than me on my 0.5 acre parcel in suburbia.

CS78 said:

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ldg397 said:

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CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

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My thoughts too. Ag exemption allows people to throw a couple cows on it and let it ride forever. It cost little to nothing to just hold onto it and pass it down. Remove that and people will either be forced to produce or sell. The market would be flooded with properties and prices would fall heavily.

Not saying Id be a fan but it would bring the value of the land down to what it is capable of producing.

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Wow. You want the government to FORCE people to produce, or FORCE them to sell.




I wasn't aware Marxists frequent the OB...

The correct answer is correct the BS in the capital markets/eliminate the absurd amount of public land the government just sits on/abuses and mismanages.

I realize there are some public land aficionados but it doesn't make sense to make the rest of us subsidize their preferred form of hunting.

It might make sense to not let ag land get cut up below some economically viable level.

It still might result in rich guys using it as a hedge - but at least it could still be leased out for production etc.

My cousins lives in a part of TN where land (years ago) was cheap and productive, but a "big" tract was 30 acres. People had chopped it up so small over the years that the closing costs were more than the value of the land.

CS78 said:

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ldg397 said:

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CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

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My thoughts too. Ag exemption allows people to throw a couple cows on it and let it ride forever. It cost little to nothing to just hold onto it and pass it down. Remove that and people will either be forced to produce or sell. The market would be flooded with properties and prices would fall heavily.

Not saying Id be a fan but it would bring the value of the land down to what it is capable of producing.

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now do wildlife exemptions...

SunrayAg said:

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CS78 said:

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ldg397 said:

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CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

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My thoughts too. Ag exemption allows people to throw a couple cows on it and let it ride forever. It cost little to nothing to just hold onto it and pass it down. Remove that and people will either be forced to produce or sell. The market would be flooded with properties and prices would fall heavily.

Not saying Id be a fan but it would bring the value of the land down to what it is capable of producing.

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Wow. You want the government to FORCE people to produce, or FORCE them to sell.




I wasn't aware Marxists frequent the OB...

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I specifically said I wasn't in favor. Is your brain incapable of objectively analyzing a thought?

rab79 said:

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CS78 said:

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ldg397 said:

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CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

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My thoughts too. Ag exemption allows people to throw a couple cows on it and let it ride forever. It cost little to nothing to just hold onto it and pass it down. Remove that and people will either be forced to produce or sell. The market would be flooded with properties and prices would fall heavily.

Not saying Id be a fan but it would bring the value of the land down to what it is capable of producing.

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now do wildlife exemptions...

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Agreed. Wildlife exemptions are shoulder to shoulder with all the recreational ag exemptions.

If it were up to me, we'd do away with ALL property taxes.

Property taxation is theft. Stop the theft period.

CanyonAg77 said:

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Given the flood of money from the big cities buying rural land, I'm not sure that tougher exemption laws would discourage investment

If a lawyer or doctor can pay $10,000 an acre for initial purchase, is raising taxes from $10 a year to $100 a year that big a deal?

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But it isn't just lawyers and doctors. A lot of folks from all walks of life purchase land and get an ag exemption via livestock or hay, or a timber exemption, or more recently bees. They make a two or three hundred thousand a year from their real occupation, and have ag income somewhere between $0 to a few thousand dollars.

I would think the increase in taxes would be much, much higher than $100 a year.

skinny2001 said:

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I disagree. I think Property taxes are an effective way and an ancient way for a government to help pay for services helping that land

Income tax is theft and a form of slavery.

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You pay taxes on the income earned to buy the property….you pay taxes on the gain when you sell it. You pay taxes on the income earned by the property while you own it. Just seems unjust to tax it for simply owning it. We don't tax stocks or cash for simply owning them. My two bits…..it just turns into government confiscation of wealth for which income taxes have already been paid.

ldg397 said:

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CanyonAg77 said:

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Howdy Dammit said:

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Unfortunately no. Only way this ever changes is if the government removes ag exemption.

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So you raise the taxes to the point that Ag producers will be forced to sell?

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I think he means ending an exemption for people that aren't in actual ag production and do the bare minimum for tax purposes only. Or increase the minimum requirement or more thorough verification would be a better way to put it.

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There is no ag exemption. There is an ag valuation.

Don't know about your part of the world, but CRP is not that great a deal in the panhandle. If you can even find land that is in CRP, we're talking about $40 an acre for less than 10 years.

It helps, but it's not exactly free land

I'd always been told that you could by land around Hearne and Cameron and still make it work for a cow/calf operation. I don't know if that's still the case. The problem is then you live near Hearne.

HTownAg98 said:

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I'd always been told that you could by land around Hearne and Cameron and still make it work for a cow/calf operation. I don't know if that's still the case. The problem is then you live near Hearne.

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I doubt it, any land in the triangle of Dallas, Houston, San Antonio is really going up and even something around Hearne will be too. Easy access out of the big cities as tons of people want a small place to get out of town to. Cattle are at some nice prices right now though...

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I think if I wait a decade or two, prices will collapse

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