| ehoff - 11/8/2015 20:54
The next time that corn goes to 6 bucks, and it will most probably happen in the next 3 years, land prices will take another large increase along with cash rents, seed prices, and just about all of our inputs and living costs. It is then that grain farmers will be at the greatest risk. The last time it happened was mid 80,s some 12 years after the early 70,s reset in prices. Prices just reset again in 2012. Add 10 to 15 years to that imo.
You are in dream land, the bubble has broke. Land prices have peaked and will be in a steady downtrend.
$7.00 corn is just a memory, $6.00 corn is far away, and so
your price prediction for land is also in dreamland. The economy is in trouble, crop prices are below cost
of production, and that seems to be the case for some time.
You mention 3 years, and then talk about the 70's and 80's. You don't know what things will do. |
Why current farmland values are well supported
