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If you've always dreamed of being a landowner but are intimidated by the prices, you're in luck. There are several states in the U.S. where you can pursue your dream for under $10,000 per acre ...
But to encourage more sales and make them more affordable, Congress also reduced both the minimum price (from $2.00 to $1.25 (equivalent to $27 in 2023 [1]) per acre ($495 to $309/km 2)) and the minimum size of a standard tract (from 160 to 80 acres (647,000 to 324,000 m 2)). The minimum full payment now amounted to $100, rather than $320. [2]
Percentage figures for arable land, permanent crops land and other lands are all taken from the CIA World Factbook [1] as well as total land area figures [2] (Note: the total area of a country is defined as the sum of total land area and total water area together.) All other figures, including total cultivated land area, are calculated on the ...
This raises the land value, which increases the property tax that must be paid on agricultural land, but does not increase the amount of revenue per land area available to the owner. This, along with a higher sale price, increases the incentive to rent or sell agricultural land to developers.
Depending on where you live, there could be a real estate agent (or several) in the area who specialize in land sales, or at least have an ear to the ground about unlisted plots of vacant land.
The present value of ground-rent is the basis for land prices. A land value tax (LVT) will reduce the ground rent received by the landlord, and thus will decrease the price of land, holding all else constant. [citation needed] The rent charged for land may also decrease as a result of efficiency gains if speculators stop hoarding unused land.