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| All I know for sure is the ratios above are way out of historical norms. The most glaring aspect to me is how badly out of whack the corn/land ratio has gotten. Way worse than corn/gold ratio. Here in 1980, 840 bushels of loan rate corn would buy an acre. At today’s cash price, it takes 2,577 bushels to buy the same acre. And that acre price in 1980 was record for the time. Another glaring fact, today’s corn loan rate is 36 cents bushel less in my county than in 1980. Someday, somebody gonna figure out corn is way too cheap.
Edited by Boone & Crockett 4/16/2025 05:32
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Gold is on a tear
