Death comes to us all. Life's but a walking shadow | It is interesting that someone paid $16,000 per A for farmland but the more important question is: "who bought it?" If a farmer bought it that one thing but if some east coast investment company did that is another thing entirely. Buying farmland has become fashionable in some circles. Remember the 1% own 35.4% of the country's assets. The top 20% hold 89% of the wealth. There are some 3 million people in this country who, if they wish pay $16k/A and never even pause to check the bank balance.
And what is the income potential of this land this year, land that drownout and now droughted down? If they are lucky, 30 bushel beans at $13 or $390. What's it called on Wall Street, the price-earnings multiple. In this case 16,000/390 or 41/1.
Doesn't look like a very sound investment to me. But then again, what do I know.
Edited by 1234 8/27/2013 21:09
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No slowdown in prime Iowa land
