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cropsey, il 61731 | We're a stubborn bunch and it will take time to grind through the money some of us have earned in the past few years.
I also recognize there are piles of money looking for some sort of home (funds, funded with 401k/ira money) and commodities may now be unpopular but land could still be attractive (even at 1-2% return). I spoke with a realtor recently and there is still investor money out there, but there is some resistance to taking a lower return since high cash rent is unlikely to be as high. He said he was trying to sell it based on price appreciation, but even without a price crash, I can't see much appreciation either.
Of course all bets are off if we get even more inflation that works for the ag economy (we inflate faster than everything else).
I could be completely wrong (at least 50 cents on corn so I can sell the rest of the crop that I should have priced over the scale!) | |
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It IS Different this Time.
