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| I don't know of too many total cash sales. What farmers are using cash for is the downpayment, which at these prices is close to half of the total value. I don't know of too many banks or Farm Credit loaning above 60% LtoV unless they are trying to pick off a customer. I heard of an insurance company loaning no more than 60% and not letting you use cash for the rest, but rather require you to mortgage another property so that they have their @SS covered. If grain prices stay lower, most excess cash with eventually dry up. Just MHO.
Edited by dcraw 8/26/2013 20:58
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Land Prices???
