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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]
In 2024, some local drillers reported paying landowners an average of $500 per acre, but lease bonus payments in southeast Ohio can range from $3,000–$6,000 per acre, according to McCleery Law ...
Of the foreign-held farmland acres in Ohio, 52.5% are considered cropland and 29.9% are forest land, according to the report. ... foreign investors were purchasing U.S. farmland at a rate of about ...
The average price per acre of land sold in Kirtland rose from approximately $7 in 1832 to $44 in 1837, only to fall back to $17.50 in 1839. (Ludlow, p. 283) Generalized inflation during the period accounted for between 25 and 40 percent of the price increase.
A section (one square mile or 640 acres) was the smallest unit for sale, and some townships were to be sold in their entirety. The minimum price was one dollar per acre to be paid in cash or in land warrants of equivalent value. No land would be sold on credit. [2] The 1785 act called for one surveyor to be appointed by Congress from each state ...
Microsoft paid $56.9 million, or $310,000 per acre, for the city of New Albany property located between Beech Road and the Licking-Franklin county line. The land is north of Fitzwilliam Lane N.W ...
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