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its probably slid 10-20% off the all time highs 18 or so months back
bought a short 80 this spring for 82% of asking price, and asking price was probably $1K/acre lower than it would have been 2 years prior.
you can sell corn with a $4 and beans with a $10 right now for two years out, if you cant make those work then you were up a creek already
where will interest rates go?
near as I can tell there are still willing buyers with cash and financing, they are just being smarter about it right now
if you are looking for ground to crash 50% or 60% and then buy, you will be likely never own any
o and FWIW, oil should have never been at $100 plus. supposedly we have it running out of our ears so why it was over $50 or $60 is beyond me.
OPEC knows it is a least cost producer and its going to squeeze the more expensive oil producing fields that can not sustain at $50 or $60
what I want to know is what are these fertilizer guys thinking. they are still in lalalala land
Edited by PFI 11/28/2014 10:34
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Farmland next to join deflation slide
