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Very southern Mn | No, just an old land guy.
Agree with others this is not the eighties. Could land go down certainly. But 1980’s was perfect storm of asset based lending, gov deciding to curb inflation in a very short period of time and than Russian grain embargo. Also some absolute stupid money got made in early 70’s that in today’s money has never been equaled as far as buying power that probably made people even more brave than normal. We definitely are seeing the grain price side and some interest rate pressure but we are also seeing better insurance nets, cash flow lending and more investors in our local market. That said a few government changes, like estate tax or safety nets, new taxes or gov policy and we could change rules which gives investors and farmers security that their investment is relatively secure even though not a great cash return while owning it.
I posted pics of old article to show just how wrong so called experts are and be very cautious when taking outside advice. | |
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Old farmland article
