| While these figures are telling the real number we need to look at when comparing, because of production exploding over the years we need to use years of production. Using your values it would take 14.5 years of production to cover the purchase value as compared to 1980 when it took 9.15 years.
Boone & Crockett - 4/16/2025 05:18
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. |
Gold is on a tear
