C IL | I am 40 and 13 years into a farm mortgage. Land hasn’t gone up much and interest rates are at least double and profitability is all over the place.
Based on what I see there are a bunch of 70+ aged people who don’t want to own anything other than land, don’t need to make a profit on that land, and have a bunch of paid for land to subsidize the next land purchase, making it a low return investment in the short to intermediate term.
I think there will be a lot of land turnover a decade from now as some of the Boomer generation land goes to estates without farming heirs or heirs without a strong emotional tie to rural America.
I could be wrong, but that is where I am placing my cards. Risk off hold cash. |