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Land Update

This subject has been on my mind and something came to me that hasn't been mentioned before, I don't think.

Can you sell 40 acres off someplace else on the edge of your property in order to come up with the money to buy what is in the center?
If it were me, it would bother me every day to know that peice is there and RIGHT IN THE CENTER of my deeded ground.

Don't know if this will help your quandry or not, and good luck with what you decide to do. I don't know anyone who passed up an opportunity to buy land (especially land that bordered them or was in the middle of them) that later was glad they passed it up. Instead they regretted it.
 
No it doesn't belong to a relative. It used to be farmed years ago, but that was clear back before my FIL's time.

FH FIL did that with some land he had in the middle of a neighbors. That money went to help us get ahead of this debt.
Like I said we are stepping back and letting things settle down. Hopefully we can come to an agreement sometime this summer or fall. We also offered to pay the closing costs on this deal.

We do want to buy it, but not at the cost of putting us in a hole. If that makes any sense to you. I guess we have been in debt too long and just don't want to be any longer.
 
Debt or not, I would buy it if your credit allows you to do so. Ten years ago, a neighboring ranch was put up for sale. We missed it by 10,000 dollars. That ten would have been cheap compared to the new neighbor we got and what we have had to deal with since. :wink:
 
My Grandfather was offered some land for $1,500 and he told my Dad to offer $1,200. We still don't own after 50 years. I bid $47,500 for the land and didn't get it then it sold a couple years later for $40,000. I never was offered a chance even though i was high bidder the time before. :roll:

I hear you about the debt but you mentioned a New post pounder. They can be rented for a $100 bucks a day or so and if your all lined up and ready to pound a couple of day can stand up a lot of posts.


Have you figured out what it would cost spread out over 5 or 7 years?
 
I uderstand $12,000 can be a fair chunk of change, but how much do you think you could save haggling over the price? If you're thinking you may save 2-3 thousand, consider what that 2 or 3K may or may not be worth to you in the future.
Like my grandfather used to say; "Do you NEED it, or do you WANT it?" Because there is a big difference, and only you can know the answer. If you don't NEED it, perhaps you can save a bit of cash. Ten years from now though that bit of cash you WANTED to save may seem paltry compared to the land you now NEED :wink:
 
I had a bit of a devil's advocate thought here. You said the 40 acres is landlocked, has no fence, is surrounded by your land and the owner hasn't used it for decades. I would assume, then, that you grazed the land or used it however you used your own neighboring land. There is a law in some states and maybe in yours concerning the Right of Adverse Possession. Basically what that means is that if you as a landowner permit someone to place a trailer house on the corner of your place and live there for 7 years, in KS, then you no longer can claim title to the land if you did nothing to remove them or charge them rent or make any effort to assert ownership. After that time period you cannot remove them or their trailer house. I'm kind of wondering how that would apply to your situation. I wonder if the supposed owner has anything to sell regardless of the name on the deed.
 
Red Barn Angus said:
I had a bit of a devil's advocate thought here. You said the 40 acres is landlocked, has no fence, is surrounded by your land and the owner hasn't used it for decades. I would assume, then, that you grazed the land or used it however you used your own neighboring land. There is a law in some states and maybe in yours concerning the Right of Adverse Possession. Basically what that means is that if you as a landowner permit someone to place a trailer house on the corner of your place and live there for 7 years, in KS, then you no longer can claim title to the land if you did nothing to remove them or charge them rent or make any effort to assert ownership. After that time period you cannot remove them or their trailer house. I'm kind of wondering how that would apply to your situation. I wonder if the supposed owner has anything to sell regardless of the name on the deed.
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We have that law here in GA and I also thought about it and wondered if it applies in MT
 
Payment of taxes on the property is a requirement for "Adverse Posession" in Montana.

That is, if you have been paying taxes on a abandoned piece of property, openly used it and improved it you MIGHT be able to take possession.

Most other states have a tax requirement also, but some do not.

Montana Code:
70-19-411. Occupancy and payment of taxes necessary to prove adverse possession. In no case shall adverse possessions be considered established under this code unless it shall be shown that the land has been occupied and claimed for a period of 5 years continuously and the party or persons, their predecessors, and grantors have during such period paid all the taxes, state, county, or municipal, which have been legally levied and assessed upon said land.

History: En. Sec. 1, Ch. 3, L. 1917; re-en. Sec. 9024, R.C.M. 1921; re-en. Sec. 9024, R.C.M. 1935; amd. Sec. 7, Ch. 224, L. 1953; R.C.M. 1947, 93-2513.
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Heres the way I look at it.

Makes no difference what land sells for anyother place in this world. Doesn't make any difference at all.

What is the value of this land to you?
He wants 12,000 so the premium is how much...is it 4,000, 5,000
Now decide if the grief is worth that much? How much additional costs would you endure if he forced you to court or sold it to a jerk that put some scrubby Angus with poor fences cost you? there is a value to knowing that you won't have the nuisances pop up. Sleeping at night has a value.
You decide what its worth to you and what it's worth to not have an unknown neighbor. That is for you and only you to decide.

Could you get an anonymous buyer to buy it and get it on the sly
 
Larrry said:
Heres the way I look at it.

Makes no difference what land sells for anyother place in this world. Doesn't make any difference at all.

What is the value of this land to you?
He wants 12,000 so the premium is how much...is it 4,000, 5,000
Now decide if the grief is worth that much? How much additional costs would you endure if he forced you to court or sold it to a jerk that put some scrubby Angus with poor fences cost you? there is a value to knowing that you won't have the nuisances pop up. Sleeping at night has a value.
You decide what its worth to you and what it's worth to not have an unknown neighbor. That is for you and only you to decide.

Could you get an anonymous buyer to buy it and get it on the sly
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What ya mean scrubby Angus :???: :wink: :lol:
 
Big Muddy rancher said:
Larrry said:
Heres the way I look at it.

Makes no difference what land sells for anyother place in this world. Doesn't make any difference at all.

What is the value of this land to you?
He wants 12,000 so the premium is how much...is it 4,000, 5,000
Now decide if the grief is worth that much? How much additional costs would you endure if he forced you to court or sold it to a jerk that put some scrubby Angus with poor fences cost you? there is a value to knowing that you won't have the nuisances pop up. Sleeping at night has a value.
You decide what its worth to you and what it's worth to not have an unknown neighbor. That is for you and only you to decide.

Could you get an anonymous buyer to buy it and get it on the sly
Click to expand...


What ya mean scrubby Angus :???: :wink: :lol:
Click to expand...
I think that means washing them.....getting them ready to show. :D
 
Larry we have thought of that, but something a neighbor told us years ago before he passed away, only have one debt at a time.
Now we get rid of this first debt we could take what was the yearly payment and buy that land.

This seems to be the biggest thing a lot of people don't understand. We do not want to add to the debt we already have.
The guy is not in a rush to sell it and we are not pushing him to sell.

I'll let you all get a little picture that plays in both of our heads when someone tells us to just get a loan or just write a check.
Watching my 2 year old son chew on an empty bread sack because he is hungry and have no money to buy any food.

Now tell me how easy it is to go get that loan or write that check.
We will NEVER NEVER again watch one of our children go hungry because of a dang debt.
Do you get it now?
 
I guess it is easy for us to give advice when we don't have to go borrow the money.

As far as your children going hungry i think i would not be buying a couple of Corgi dogs that need feed and quads if things are that tight. A bag of flour will make a lot of bred and since your raising rabbits they make fine stew.

I understand your not wanting to go into more debt as times in Ag are trying. Just be prepared to let what happens with the land run it's course as life will go on and hopefully you can make the best of things.

Take Care
BMr
 
You live on a farm/ranch and you go hungry? This I don't understand. When I grew up we were poor but we did manage to butcher 200 chicken's each year a couple of hogs and as many deer as it took. We also had egg's milked a cow by hand and had a garden. We did'nt have 2 dimes to rub together but we were'nt hungry. Maybe thats the differance between Farmer's/Sodbuster's and Rancher's but I doubt it. If you go hungry it's knowone's fault but your own in this country.
 
Hoop I have a bad temper, I don't play well with others and I'm too dang honest. I also expect others to have the same high set of values I do, but I know that they don't.
They wouldn't want me in Washington.
 
BMR I was sort of yankin the Angus guys chains. Didn't mean to offend anyone.

I do admire you ILH that you are watching the debt. Can't argue with that. Especially with the times that could be coming. I always look at it that you don't sacrifice what you you have.

Good luck
 
Larrry said:
BMR I was sort of yankin the Angus guys chains. Didn't mean to offend anyone.

I do admire you ILH that you are watching the debt. Can't argue with that. Especially with the times that could be coming. I always look at it that you don't sacrifice what you you have.

Good luck
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Oh i know you were foolin'. :lol:

In fact ILH could probably pay for that landin one year if she ran a Angus bull on those Herefords. :wink: :wink: :D
 

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