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Napanee, Ontario | Hi Pat, I see what you are saying. And while I agree there is less income to work with, the counter I offer is that kind of result won't produce a crash IMO. Maybe a protracted slow drop. And as less income is made, more ground eventually comes out of production.. until it bumps against the demand floor put in by billions of bushells of added corn and soy demand from ethanol globally in the last 10 years, and price rises.
People will say land won't come out of production, that you will be surprised how long the farmer will keep prucing at a loss.
Whicih i would respond: it is likely the smae length of time that the farmer will keep bidding on land.
Edit: and FarmerKev's point that I see beat me to it haha
Edited by OldMcdonald 11/21/2013 08:21
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It IS Different this Time.
