Cheap land is often overlooked as an investment vehicle yet some astonishing profits have materialized in this field. By "cheap" land we are simply referring to land that can be purchased at the bottom end of the price scale as opposed to the high end. Since the beginning of the recession the "high end" of the rural land market (meaning Trophy ranches with beautiful scenery, tall trees, lakes and streams) has suffered substantially. Hall and Hall, a premiere brokerage firm dealing in this market, announced that $160 million worth of purchase contracts had fallen through; sales had plunged from $1.2 billion in 2007 to only $50 million for the first half of 2009; and that prices had declined another 20% in just the last six months. On the other hand valuations of "cheap" land during this same period appear to have remained stable. While the volume of sales have slowed somewhat prices still remain pretty much near historical all time highs. Twenty years ago the cheapest land in the United States was around $20 per acre. Today much of that same land is now priced at approximately $400 per acre. This represents an increase of around 20 x 1 while during the same period the Dow Jones grew from 1,200 to near 11,000 for an increase of only 9 x 1. CLICK HERE to review the cheapest priced land in the USA!