New info on the price of a pond vs. its value. . .
An acquaintance in San Antonio, Texas recently bought a run-down dairy farm in the brush country south of town. Spent $100k "cleaning up" the place.
His chief expenses were boring a deep irrigation wellrenovating a dairy lagoon, a stock tank and a main fishing lake.
A few months later, he sold the place for a tidy, tidy profit, at $500 per acre over the price of neighboring property. Why? The surface water.
In this part of the country, living next to the desert, a pond or lake is extremely valuable. In Florida or Oregon or Maine, maybe surface water is not such a big deal.
Mark McDonald
Editor, Pond Boss