> What is the significance of the "lowest ratio of farm rent to land vaues"???
The significance is that land prices are skyrocketing at unprecedented levels. The low ratio means that these sky-high rents that are being complained about here are CHEAP compared to the land price.
In the past year, cropland prices have increased about 25% on average and over 40% in some states. To me, it looks like the housing bubble all over again. The only difference is the mantra "home prices only go up" is replaced with "commodity prices only go up".
Some people are gambling their life's work away paying these high land prices. Maybe they'll win, but maybe it all comes crashing back down and we get to re-live the 1980s.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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