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Red River Valley | For me it's more about when not to buy land than it is about when to buy land.
Land has only penciled out two times in my life time one was coming out of the 80's crisis the other was a sale that happened in the middle of a drought fall, ( these are local examples have no Ideas how other places faired ).
The key to me is understanding that when record high prices don't allow it to pay for itself that one needs to stand aside.
When corn is at $3.00 and land does not pay for itself maybe one can fight their way through but a huge equity drain leading to a negative net worth position does not occur but when you by in the upper 20% of a land cycle holding off the wolves becomes very tuff.
This is the reason that I was pretty vocal about extracting myself from the land market as this bubble started stretching it self out
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Buying land?
