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| dont know dont care
a lot of land has been bought up by investors in the area over the last 5 years, and the guys brokering the deals had 1-3 year cash rent agreements all lined up to show 4-5% return on investment
well guess what, those leases are now up for renewal and guys are not biting.
same is happening to a lot of other ground that was being farmed for insurance by guys a few counties or even states over. can only do that for 2-3 years before the APH is hit so hard it doesnt pencil.
not to mention most of this ground is pretty marginal, so its not penciling anymore
$3 corn would really shake things up, which wouldnt be all bad, BUT $4 corn is reshuffling a lot of things slowly
ROI is still KING
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