Posted by Paul on December 04, 2012 at 06:44:10 from (66.44.133.112):
In Reply to: Re: In a Quandry. posted by Dalet on December 03, 2012 at 19:33:24:
Long term land is the better investment.
Both are overpriced in an ag-bubble. We are hearing of invested types that have no knowledge of farming buying land because its past performance makes it a good investment.
This is a -classic- sign we are in a bubble and land is overpriced. If you are farming another 20 years and the farm next door is up for sale and you have some cash, it can still be a good buy even at these inflated prices, but before you are done with it it will be valued much lower.
Iron - that is a fickle market, scrap iron is high priced for old stuff, farmers have cash to spend on newer stuff, so again prices are high, probably not a good investment situation.
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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday
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