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1981.
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Kidsdad
Posted 7/5/2022 21:22 (#9735718 - in reply to #9735372)
Subject: RE: 1981.



30 Miles Northwest of Columbus Ohio
806 Southern In - 7/5/2022 19:17

I'll offer an alternative view. How many more farmers are flush with cash today vs 1981 and how many more millionaires from all walks of businesses are present today that were not present in 1981 who would jump on an acre of ground for sale. I in no way ever believe that ground will fall back to a 1981 scenario unless commodity prices vs inputs get way way upside down.


Back in the day the old timers were pretty well set with cash, us young bucks not so well. They had been through the depression and were pretty tight fisted. I saw land drop over 50% and the older folks put their money in the bank where they earned 14% interest. My farm loan went from 8% to 15%. I tried to buy a farm and the Land Bank agent told me that the farm value of the farm I owned was inflated and the value was actually worth 50%. I was upset. He was right and I would have lost it all if I continued on that path.
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