USA | GrainTrader - 11/16/2023 05:27
At this inflation level, you about can’t save fast enough for a sizable DP or cash. That’s the real issue for younger farmers even more than the cost IMO. Land is such a usable/versatile, and truely valuable asset that it’s really never going to cash flow at the time, it’ll have to be realize in gain later on. But the recent run ups are just so quick that a young guy can’t save fast enough it seems (at least to me, and I may not be “young” anymore)
You can save more than you think, but can't waste money buying things that don't improve the bottom line. Wants are costly mistakes. |
Kubs Den “ INSANITY OF PAYING 7% ON AN ASSET (FARMLAND) THAT ONLY EARNS 2%”
