Posted 11/9/2015 20:05 (#4887054 - in reply to #4886700) Subject: Land sale today, new record......
East Central South Dakota
for the township of the sale I believe. Land going up not down here. Third sale in a row close to me at record levels. I am convinced land will not go down until the bankers say NO or maybe HELL NO. Agricultural producers are not self disciplined enough to say NO themselves-----I am convinced of that. If we stay at these margins in crop production we will have to burn through some cash and equity before the banker says no and that will take 2-3 years in my opinion. To much cash/equity laying in the weeds waiting for a dip to buy on--- giving support to land prices..................maybe a "here thing"
Farm Income and Land
