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| Don't know if I have ever seen the spread so wide as far as value of farmland versus the roi on such land. The opportunity cost spread between land and "safe" equities or other investements has to be huge. Say 3 % at the most on land versus at least 7% on other stuff. But guys want to cash out of good paying investments to buy land.
I can only see the spread get wider especially if NEIAG is correct.
Almost like there is 2 farm economies , currrent grain prices don't justify current land values.
Had to pass on a farm that I have waited 40 years to buy. Just didn't make sense. Heart said yes , head said no.
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Land rich and cash poor
