Posted by Traditional Farmer on February 05, 2012 at 05:00:04 from (184.2.77.13):
In Reply to: Land prices? posted by WJD on February 04, 2012 at 17:58:33:
Right now land is selling for prices that are betting on grain prices rising in the future not what grain grown on them now is worth.When grain prices fall as they always do the land prices will fall right along with the grain.And there will be lots of farmers that are 'underwater' as they now call it in the housing market,owe more on the land than its worth and won't be able to make the payments.
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