> 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 - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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