Posted by NY 986 on December 18, 2012 at 06:44:57 from (67.142.178.23):
In Reply to: Re: Farm land bubble posted by Spook on December 18, 2012 at 04:41:53:
Not credit bubbles but the number of affluent bidders will decline in the future and along with it the bids will decline. The average age of a farmer is into his 70's so that indicates that in the next decade or so that farmer's land and equipment will come up for sale as the family in most instances has no desire to take over. The neighborhood BTO always thought he was good to go for another 20 years but he did not even live to reach 70. There is only so much a person can do to increase their chance of living past the average life expectancy but after that it is out of a person's hands.
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