Columbia Basin, Ephrata, WA | dt4020 - 5/1/2023 10:48
2016-20 was extraordinary? Maybe with above-APH yields, or sweetheart rental deals.
Other wise, no. Average to below. And land values reflected it. We treaded water or was down 10-15% until 21.
I can see healthy profits from government handouts late 20, then 21 and 22 being very good.
23 is on track to be very solid, especially with aggressive corn sales this winter.
Weather is a huge wildcard right now.
16-20 were apparently good enough in this area. Neither land values nor rents retreated, they continued the upward march right through those years.
16 years of solid returns is about right, with 2009 being the possible exception.
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Land value's what causes them to change
