west central MN | I wonder how much the secondary financing has lead to the land prices not coming down. I am starting to wonder if there are a bunch loans out there for seed, fertilizer and chemicals that the bankers do not know about. It looks like some secondary financers will lend over $1700 an acre before they cut someone off and at the same time this guy with all the loans is driving the land prices up for the guys that are paying their bills. It could end up that I would lose my coop patronage dividend because my coop is financing the guy that is driving my land prices up. |