Pat Porter Shares a Lifetime of Lessons Cultivated in Farmland | REtipster 182

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Pat Porter returns to the REtipster Podcast to talk everything about farmland! Pat brings his wealth of invaluable insights to the (podcast) table.
In this episode, Pat shares his expertise on investing in farmland, covering everything from important factors to consider when buying farmland, the typical returns investors can expect, and how converting raw land into irrigated cropland can increase property values. Pat even demonstrates how global market trends can essentially predict land values.
If you're even a little bit curious about making your money work in the land game, Pat's stories and insights are as entertaining as they are educational. I hope you walk away feeling as enlightened as I did about the opportunities that farmland presents.
00:00:00 - Teaser
00:00:49 - Pat Porter's Experience With Farmland
00:04:31 - How Much Does Farmland Sell For?
00:06:32 - Why Buy Farmland?
00:08:09 - Are We Gradually Losing Farmland?
00:09:32 - The Conservation Reserve Program
00:13:10 - Factors That Influence Farmland Price
00:15:48 - Economies of Scale in Farmland Investing
00:20:58 - What Makes a Good Farmland
00:24:31 - Good Soil Type for Farms
00:27:04 - Turning Raw Land to Farmland
00:31:52 - Typical Farmland ROI
00:36:34 - What Drives Appreciation of Farmland
00:38:32 - Minimum to Invest in Farmland
00:44:22 -The Importance of Irrigation
00:48:07 - Finding Contractors for Farmland
#retipster #retipsterpodcast #retipsterblog #sethwiliams #patporter #recland #farmland #investing #realestateinvesting #landbroker #ruralproperty #farminvestment #landinvestment #propertyinvestment #farmlandvalues #farmyields #farmreturns #convertingland #irrigatingland #landdevelopment

[@captainkt9947]

Love to hear good Agricultural Land info! 💪🏾

[@Retipster]

Thanks for listening!

[@XavierIsraelMatamoros]

Love this topic! Thanks! Around here in northeast Kansas, northern Missouri, it's about $5k/AC. Some higher depending on soil. Sales of farmland don't seem to be slowing down, either. Lot of it sold by auction.

[@Retipster]

Thanks for chiming in! I agree. I have yet to see farmland sales slowing down or prices getting lower.

[@thebestSteven]

Oof. I'm in Kentucky. I have been looking at farmland and it's rare to find something listed for less than 10k an acre.

[@Retipster]

Thanks for sharing your experience!