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| I disagree on the fsa loan program. I didnt say it was a huge amount, likely 5-10%, but its baked in none the less. Similar to the way better basis closer to river terminals is baked in also. Again, not a huge amount, buts its there. I do agree that crop ins has played a huge roll in inflated land values. 2012 was unique though in that the ins price was well above cop for everyone. That is not the case anymore, getting an insurance check in 2014-2018 was not near as much fun.
Edit: You didnt say how many acres, but if your son could put down 20% on an 80 (176,000) at a young age (less than 30), then I congratulate him becuse that is something that takes most many more years. The wide majority of guys who get beginning farmer couldnt do that. They would be sitting on the side lines until age 30+. I dont see how you can eliminate a portion of bidders and it not effect values. | |
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What good is having the FSA open if you can't do anything?
