20 Miles West of Indianapolis Indiana | Im plagued with a big choice this fall. Quite a bit of land has come for sale in my area due to deaths of owners. Auctions this fall and been cleared by bank....
Biggest thing on my mind is if land does drop, but interest rates go up were really not gaining anything... payment will still be relatively the same. Only perk i can see is more is tax deductible with higher rates. Its enough ground to break me if prices drop very far... but for 5 years ive been in the position to "look" but not touch, always just a little short. Now im able and scared to death!
Ive been preaching lower prices to myself for a few years, but i really just need some outside opinions....
Articles like the one saying China will need X amount more corn and beans in the future make me very bullish long term, but this summer the market really made me feel like there was a lot of downside in the market once an average crop is achieved.....
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historic-u-s-corn-prices-1866-to-2011.jpg (64KB - 77 downloads)
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high land/cheap int. vs lower land/higher int.
