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Frytown, Iowa | This is BS. TWO PERCENT increase in interest rates and old money will be locked in at 5% in CDs borrowing will be at 8% and land will plummet as return on $10,000 land is down to 3% vs CD at 5% and rising. Land will sell at a quicker pace and old money will shy from farms leaving the only buyers to be business farmers that need returns. Prices will drop fast but not because of $6 soy. But because the blue sky is being shaved off
All due to a 2% increase. Nobody will want to be the last seller of their farm and it will become clearer where the better investment is. In CDs as then the next 6 months results in another percent higher to 6%...
Who’s paying $600 cash rent?
The writings on the wall, it’s been enough time since the last $5 corn for money to run low... things can happen quick even with $4 corn and $10 beans
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6.75 soy target short term.. next 3 or 4 years lots will be gone
