Really?
why are there such companies such as whitetail properties sling land at a premium ?
unless you want the thesis on it, which i can provide, youll have to give me time, its akin to:
bird flu hits the chicken population. mass chicken death. chicken goes up in price. well, not to lose out, pork goes up in price. now, per pound, its the same price as beef. well, beef as the placeholder, must go up to maintain its differential pricing.
that is the quickest, most simplistic way of explaining it. you are looking at sub 2% of the real estate market.
ie:
AG land
Commericial
Industrial
Developmental ground
Niche land
as the macro land categories. within each are their own sub categories. when we look within each, lets say hunting land, its gauged against all comps within the area. lets say you have a 100 acre "hunting land" and a 1000 acre farm. both for sale, within 5 miles of eachother, and the most recent sales will be.....farm land....
provided what is occuring within the AG community, farm management companies, barriers to entry, outlays, commodity pricing, interest rates, on and on and on....that per acreage in say....iowa...is averaging $17k/acre M/L. tie into that that many are going the way of auctions for high bid pricing and other reasons....you have land that is now inflated. but wait, theres more details. whats the proximity to other locations, sales, uses, are there tax abatement programs, what county programs exist, whats the soil types.......
if you want, call a banker, an assessor, an appraiser, a developer, a RE agent, a REIT, a builder.......way down on that list...is privateers of hunting land...who would be good at justifying land costs and the reasons why.
you can not simply state 1 reason, within a micro niche, to why prices are increasing and inflating, and believe that is the sole reason for outlays to increase.
another, lets look at tractors within the ag community. Sec 179 increases in deferments, guess what happens to the price of tractors...up, tractors go up, well hot damn, 179 should increase to help out....