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Nw Iowa | I don’t disagree with anything you are saying, but to have a crash you generally have to have something mortgaged way over value. I don’t think ag is in that much trouble compared to office space and housing. I have no doubt if interest rates go up and corn price goes down we will have a correction in the land market, not a crash. In the 80’s it was a crash because a high percentage of land was mortgaged at high percentage of value. It will take a black swan event to cause a crash which is always possible. If land corrects 25% will it cause a crash? I don’t think so. My biggest fear is government debt and how they try and tax or regulate agriculture and what that will do to agriculture as we know it or a major depression that changes everything. | |
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Kubs Den “ INSANITY OF PAYING 7% ON AN ASSET (FARMLAND) THAT ONLY EARNS 2%”
