spy100 (OP)
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June 13, 2020, 04:28:26 PM |
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If you have agricultural land would you sell it or hold it ?
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jackg
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June 13, 2020, 04:30:47 PM |
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HOLD!
If you can hold it for 2+ years then it should do pretty well. If other industries fail then you still have something for yourself providing you have the money to use it (if that's your intention).
Now probably isn't a good time to sell and it'll probably be best to sell when the markets are back to being booming and have been for a while...
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Juggy777
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June 13, 2020, 05:06:51 PM |
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If you have agricultural land would you sell it or hold it ?
HOLD!
If you can hold it for 2+ years then it should do pretty well. If other industries fail then you still have something for yourself providing you have the money to use it (if that's your intention).
Now probably isn't a good time to sell and it'll probably be best to sell when the markets are back to being booming and have been for a while...
I’ll agree with @jackg suggestions as this is not a good time to sell your land, and even if you do try to sell it now then people will only try to buy it at a cheaper price, and you’ll loose out on making a good income from your land sale. Further I feel that you should hodl this land for at least 3 - 5 years as the current global economic conditions are bad, and you should only consider selling your land in the short term if you’re getting a surreal profitable deal otherwise don’t bother selling for now. Sources: https://www.irishtimes.com/business/economy/global-economic-outlook-still-worsening-says-imf-1.4251824https://theconversation.com/how-will-coronavirus-affect-property-prices-133761
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ecnalubma
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June 13, 2020, 05:14:43 PM |
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Land value is appreciating because land will be scarce in the next few century. Its one of the best asset to hold, aside from its rising value no one can steal it from you except for the land title of course. If I have the money now, I will accumulate land to put up a house for my family and will engage to farming and livestock business too.
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South Park
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June 13, 2020, 05:59:54 PM |
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If you have agricultural land would you sell it or hold it ?
I agree with the others as well, it is better to hold it, just think about it if things go back to normal and the price of land begins to go up again then you could sell that land in the future for a good profit, but if things get worse from now on at least you have land where you could grow your own food, which is really important if things get really ugly, all in all the only downside to holding that piece of land is that you could suffer an opportunity cost by not using the money from the sale to invest in something like bitcoin.
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fiulpro
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June 13, 2020, 09:29:04 PM |
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If you have agricultural land would you sell it or hold it ?
Hello Considering how important agriculture is right now in the time of Corona Virus , I would for sure hold it and grow vegetables and other important things in there , till we are out of this Pandemic. Situation is really dire and I understand that sometimes people do need money , so selling a plot seems good . But during the Pandemic the price of the property have fallen , at least where I live , therefore I would suggest you guys to hold it up for couple more years because right now would be in a big loss . Just be careful and don't make any rash decisions. It is all about Patience things will go back to normal , if not normal - normal , it would be a new normal .
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Baofeng
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June 13, 2020, 10:00:13 PM |
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If you have agricultural land would you sell it or hold it ?
Yes, I have an agricultural land I acquire like 9 years ago and I'm not going to sell it even it we are in a pandemic or not. Too valuable and it is a great investment, and I made money out of it, harvesting twice a year, and in turn help a lot of farmers in our province. And usually here, this is a very old and traditional way of giving it as an inheritance for your children and the next generations to come. So it will be a big loss on your end of you sell it. You can also be self-sufficient and can generate different crops. So there's a lot of positive if you have this kind of land.
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TimeTeller
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June 13, 2020, 10:05:55 PM |
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If you have agricultural land would you sell it or hold it ?
Yes, I have an agricultural land I acquire like 9 years ago and I'm not going to sell it even it we are in a pandemic or not. Too valuable and it is a great investment, and I made money out of it, harvesting twice a year, and in turn help a lot of farmers in our province. And usually here, this is a very old and traditional way of giving it as an inheritance for your children and the next generations to come. So it will be a big loss on your end of you sell it. You can also be self-sufficient and can generate different crops. So there's a lot of positive if you have this kind of land. The question of the OP really suits this pandemic situation. And I guess, most of us will say that we will hold it as long as we can. This crisis made us realize the importance of having your own land. As Baofeng said, you can be self-sufficient just by planting crops. You don't have to buy it anymore in the market and you can sell the excess, so generating income as well. This is actually a good investment that you can pass on to your kids.
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The Sceptical Chymist
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June 13, 2020, 10:20:17 PM |
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Not only agricultural land; I wouldn't be selling any kind of real estate right now, especially with the world as crazy as it is at the moment. IMO now is the time to be land-rich even if you're cash-poor. But as is usually the case with me personally, I don't have enough dough to buy any land and that's never been my thing anyway. If I did have some serious extra cash to invest in something, I would likely change my tune and buy a house with acreage (assuming the real estate market isn't inflated, and I plead ignorance on that).
If nothing else, when you own property you've got a place to escape to when SHTF and it obviously would make it much easier to isolate yourself and your family if need be. Bitcoin is great, but it isn't as if you can mold it into a house--and the same thing goes for stocks, gold, and anything else that isn't real estate.
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verita1
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June 13, 2020, 10:42:29 PM Last edit: June 13, 2020, 10:55:19 PM by verita1 |
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Now is not the time to sell, much less agricultural land. If it's for an emergency, it would probably be worth it. In this crisis due to the pandemic, there is instability in prices and agricultural land is of great value because the pandemic is showing us a great shortage of food. Therefore, we must make ready to have agricultural land produced to raise the economy.
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Russlenat
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June 13, 2020, 10:48:58 PM |
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Unfortunately we just sold our land because my father need some money and since we can't manage it, we his siblings have agreed with it. I believe that the land value will just appreciate overtime, it's given and in fact it's a good investment but personally I am not into agriculture so if I can sell that to raise a capital to invest in other business, the probably I would sell it. Acquiring a land to hold is good but you need to ensure that you won't touch your capital that you are using to provide you some consistent profit since you can't easily dispose land when you need money, unlike bitcoin where you can just sell right away anytime you need it.
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alani123
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June 13, 2020, 10:52:19 PM |
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I live in a place where almost everyone owns at least some land. But oftentimes a landowner's property size is so small that it's not worth farming. A set of government restrictions and standards has also made it so that farming for profit is oftentimes prohibitive due to a barrier of entry that's too high.
Due to the aforementioned issues, most people sign a lease agreement for their fields to be used by someone with a farming license and equipment. You get some small income on top of the farmer's profit's if the year is good. But actually most of the farming economy in EU is driven by the state. Owners are incentivized to keep their olive trees trees with subsidies for example because EU wants to keep its farming self-sustained. So people in working class never go after the most profitable forms of farming.
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exstasie
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June 13, 2020, 11:24:47 PM |
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If you have agricultural land would you sell it or hold it?
It's difficult to speak generally since the answer should differ by market, but I lean towards holding. I'm personally looking to buy the blood in real estate (if it comes) in the next 1-3 years. Another big wave of COVID-19 and associated economic decline could shock the real estate markets pretty hard. A depression would hit food commodity prices, which would in turn devalue agricultural land. However, I think the pandemic is increasing interest in suburban and rural real estate even as it drives down demand for urban and commercial real estate, so even if there is a major decline in the market, the losses may be rather unevenly spread and may fall in your favor. A lot of millennials want out of the city (things had been moving that direction even before COVID-19), which could really soften the blow in non-urban markets. The problems with selling now to reinvest in a couple years: for one thing, the depression some are expecting may not come and the market may not dip that hard. Secondly the imbalance I mentioned (combined with the illiquidity of real estate) could mean you'll still end up re-buying higher on an otherwise equal parcel. Markets are fickle things.
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mersal
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June 13, 2020, 11:41:58 PM |
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If you have agricultural land would you sell it or hold it ?
You can live without anything but food is indeed for your life, so there will be a time comes when food will have value like gold or other expensive assets that time you or you next generation can be a millionaire even with small land. So hold it and find a job to feed yourself for now.
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LogitechMouse
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June 14, 2020, 12:19:47 AM |
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If you have agricultural land would you sell it or hold it ?
Prices of land are appreciating overtime so I don't think that I will sell mine if I have an agricultural land UNLESS I have nothing right now and that is what I only have right now then I have no choice or maybe I will just ask for a loan and not plant something on it. In that way it would be better. Right now if you have cash, it is better to buy some properties/real estate because people need cash and many would sell their properties at a lower price just to survive.
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samputin
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June 14, 2020, 02:33:31 AM |
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If you have agricultural land would you sell it or hold it ?
-snip- That's right! That's one thing that I've realized during this trying time—agriculture is important in our lives. It is really a great investment especially when you have crops in it, and sell it to the market. It'll surely give you lots of profit. Aside from that, you can also save some money because you'll be able to gain vegetables or other crops right in your own land. And you'll be sure that it's organic. I've attended webinars regarding agriculture and it just shows that having your own land has many advantages. So just like the others, I would hold it now and for the years to come.
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Negotiation
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June 14, 2020, 03:13:22 AM |
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You are right, if I have agricultural land I will not sell it I will keep it for cultivation If everything is closed due to the virus we can easily solve the financial problem by cultivating vegetables on our land. The best way to deal with this crisis is to grow vegetables We can make money by selling these Most of the people in our country are dependent on agriculture Therefore it is necessary to increase production by keeping it without selling it.
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Lorence.xD
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June 14, 2020, 03:21:28 AM |
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You are right, if I have agricultural land I will not sell it I will keep it for cultivation If everything is closed due to the virus we can easily solve the financial problem by cultivating vegetables on our land. The best way to deal with this crisis is to grow vegetables We can make money by selling these Most of the people in our country are dependent on agriculture Therefore it is necessary to increase production by keeping it without selling it.
There are two things that you can do, one is to lease the land and two is invest on it via plantibg produce there, selling is not an option when you have a land, unless it becomes part of a government project then you can't do much about that. Leasing your land ensures that your land is functioning and generating cash even if you do not sell it, it should be on interesting location though, on the other hand, planting there is a good thing though you have to learn the basics of agriculture, the profits will be worth it since you are the owner of the land.
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Chrystora123
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Omicron is another FUD
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June 14, 2020, 03:37:57 AM |
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If you have agricultural land would you sell it or hold it ?
I will not sell it instead will develop it. I noticed agriculture is one of those businesses that is not affected by "PANDEMIC", everyone is required to "Stay at Home" but they still need food.. my big brother who lives in the suburbs has agricultural land does not need food assistance from the government when the government in my country provides food assistance, they have enough food supplies even send me and my family a few kilograms of corn (they grow corn) every month..
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Raflesia
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June 14, 2020, 04:05:29 AM |
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That is an asset for me because it will not sell it and it is better to hold on until the market recovers from this pandemic, if the agricultural land is very large then I think we can use it because it can become our cultivation to continue planting and exporting to outside or more markets high.
To be sure agricultural land will become more someday and when the market is better then keep it if you have that agricultural land.
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