| mikado - 11/8/2025 07:21
Channel your inner Chris Farley talking to Paul McCarthey SNL skit…
mm…mmm….member that time W took credit for the upward spike in the corn market, telling farmers they were doing great because of him….an…and…..they needed to buy bigger equipment and buy more land?
No……neither do I….
yal..
Compare asset values then vs now.. starting with 300 million acres which has tripled or more in value..
Im not band wagon ing Bush.. just acknowledging that he signed the clean air act ushering in the ethanol age.. which was bipartisan btw. Tom Daschle et all..
And it just kind of had an impact.. see asset valuations. I’d guess a couple trillion dollars.
average farm land value in the US was $1,210 / acre when Bush gave this speech in 2002.
https://esmis.nal.usda.gov/sites/default/release-files/pn89d6567/st74ct181/wh246v546/AgriLandVa-08-02-2002_Land_Values.pdf
“ The U.S. farm real estate value, including all land and buildings, averaged $1,210 per acre as of January 1, 2002, up 5.2 percent from the previous year.”
its more than 300 million acres..
its more than tripled.. guessing 5,710 valuation today..
but 300 myn x $4,500 = $1.35 Trillion all by itself.. plus equipment plus everything else.. add pasture land.. probably another trillion.
Edited by JonSCKs 11/8/2025 07:39
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Politics and Markets..
