Posted by NY 986 on December 18, 2012 at 06:30:25 from (67.142.178.23):
In Reply to: Re: Farm land bubble posted by mkirsch on December 18, 2012 at 06:00:34:
Land will always be sold regardless. People age and kids nearly always have a change of heart as they close in on adulthood. Things such as death and divorce can all of a sudden put a successful operation out of business. Today's formula for success on a given farm may not hold true ten or more years into the future. Lenders will finance with land values based on an average over time. Lean times can and will return. The younger generation in nearly all instances does not have the bidding power of older well heeled farmers and the younger ones will be the ones here ten or twenty or more years in the future.
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