Gold is at all-time highs, the dollar (quoting Wall St. Journal) is "on track to close out the month having it's worst month since April 2011" and interest rates were at all-time lows last week.
Is this the best time to be in farming, worst time to be in farming, or somewhere in-between?
I priced trading in my combine with 1300 hours (bought as demo w/ 100 hrs. on it) a few weeks ago. Sure looked a lot prettier to me after seeing the dealer's numbers.
Usually a lower dollar means better commodity prices, and low interest rates means you can borrow $$ easier....
Maybe none of the above matters anymore, what only truly matters is how much relief the government will send your way, in the form of ARC/PLC, PPP, Covid payments, MFP payments, subsidized crop insurance, etc.
Just curious to hear other's thoughts.
EDIT: Stock market is highly valued as well, and Fed releases comments today after their two day meeting.....