It is not so much the cost as the location. Raw farm land here is still reasonable the further you get away from civilization. Just as anywhere though to own big land you have to have made your fortune or inherit it (then worry about the taxes) neither of which I will reap. As a younger man I was able to do some real cowboying on some big ranch, man what a life, hard, but fun.
It is almost impossible nowadays to start a large ranching/farming operation from scratch without having loads of capital because the return is marginal, outside the lifestyle.
Take example central Texas, buying any land within 2 hours of San Antonio or Austin you will pay double or triple for the land (demand is skyrocketing) and within 10 years be surrounded by new “ranchette” housing neighborhoods. Just ask the folks in the Leander, Taylor, Liberty Hill, New Braunfels, Boerne, Seguin, Hondo areas - and the list goes on. People bought there 10-15 years ago were moving to the country. Not anymore.
Family land owners in that areas that did hold out can no longer resist the temptation to sell based on the price they can get and the fact they are now in the burbs.
As a dweller in the Leander / Liberty Hill area, I agree.
Although we aren't 'citified' in our immediate area, the growth over the last 10 years has been phenomenal. Within a 12 mile radius, we've had 8 major housing developments, 4 mega-acre shopping centers, 2 hospitals and uncounted retirement homes spring up.
We're just hanging out here for a few more years so we can sell our (relatively paltry) 4 acre lot for enough scratch to move back.........to the country!
Where’s the tipping point in that equation?