Me, I’m planning to do nothing with it for the time being (too many other things going on right now) besides using it as collateral for that loan & line of credit. It’s almost certainly too late to rent it out for use as farmland this year, especially in Minnesota! But like I said, I’m not all that interested in being a landlord right now, so I plan on putting it up for sale in the not-too-distant future.

And … what are you planning to do with it?

It’s a just-slightly-over 20 acres of land (what exactly my father was doing with 20 acres of MN farmland is something I’m going to have to ask him about later!). So at an assessed $2250 an acre compared to non-metropolitan land, I’m sure it seems insanely cheap.

Go ask a farmer though, he’ll tell you how expensive land really is…
and how it’s not raining enough…
or how it’s raining too much…
or how prices are too high (when they’re buying)…
or how prices are too low (when they’re selling)…

Sorry, off on a tangent, just having a laugh with one of my farmer clients who just left!

Having lived in cities and suburbs for most of my life, I didn’t how inexpensive “non-metropolitan” land could be? My dream of buying a few acres in Northern Illinois and replanting it with native prairie species may not be so far-fetched after all.