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Jesup, IA | From the article:
"In places like Illinois, Pittman said, "$350 cash rent is not hard to get [for 2016] and $400 rents are achievable. Farmers aren't bankrupting themselves at those rates."
"Cropland rents track corn prices tightly, Pittman stressed. "They should have gone to $600/acre when corn peaked."
I am still trying to think how to respond to this. The only thing that comes to mind is that there is a total disconnect between risk and return. By this investor, and by anybody who thinks that statement is valid in this price environment. | |
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Recent Farmland Partners purchase
