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Missouri | There are people on here that swear we will not see the 80's again. Their reason is interest rates are not near as high. I have been a little preachy about this, but interest rate do not need to climb much as we are borrowing 10 times what we did in the 80's! Someone below also mentioned that taxes need to rise before we see the 80's. Holy crap, I am paying $85/ acre in property tax! I am guessing, as it was a while ago, but my guess is I was paying $10 or $12 in the 80's. I talked to a banker friend and he told me they are nervous about what is happening. In the 80's the bankers put so much land on the market that the supply could not handle it. They know there are farmers today, that need to sell a 1/4 to make it work, but are nervous. The problem is they could saturate the market again!
Edited by badjaccs 11/9/2015 18:27
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Farm Income and Land
