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USA | Would have made things a lot more stable and kept things from getting so out of hand. $4- $5 corn on the top side would have been far better for the majority than what is probably coming down the pike. Wild West Vegas style of farming that we are facing is going to make it really hard for a lot folks to manage the risk, if they farm rented ground, have machinery, and operating debt
Can't really see where the big upswing in grain prices, has been all the positive when a person looks at the big picture.
Kind of like how has high land prices really been much of a benefit, even if you own a decent amount of farm land?
How is a person better off today with 2000 acres of owned dirt valued @ $20 million vs when it was worth $10 million? $20 million with current estate tax laws = ball park of $4 million in estate taxes on the dirt. How many operations have the kind of cash it would take setting around to pay the estate taxes to keep things from being dismantled? Husband and wife would need about $8 million in cash to pay the estate taxes on $20 million of dirt. Cheaper land prices would be a blessing IMO, higher ones are a curse.
Edited by coup 7/10/2012 23:47
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PFG Best black swan?
