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Osage iowa | The only way land can hardly come down is if the gov admits it has a spending problem and curbs inflation with harsh tax increases and raises interest rates. Will the gov quit printing or speed up the printer? My bet is on more printing, more dollars chasing the same goods so smart money will gravitate to inflating hard assets. Another key piece of the puzzle this go around is crop insurance, the classic everybody gets a trophy. The farmers in the hot seat now have overspent on machines, too high of rent, or even too high of land payments. We need a correction to reward the better positioned farmer who saved some money for tough times. | |
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Buying land economics
