Re: Farm land bubble in the making?

Posted by Mike (WA) on March 05, 2013 at 10:25:24 from (69.10.199.246):

In Reply to: Farm land bubble in the making? posted by W_B on March 05, 2013 at 07:12:12:

At least when I worked for Farm Credit/ Federal Land Bank, they were bright enough to get additional collateral, so they should be covered even if there is a big drop in value. So a bubble would sure be a problem for the guys losing their property, but not as big a problem for the economy because the lenders wouldn't be going broke like they did with the housing bust.

And lets face it, commodity prices are not likely to take a big tumble, because worldwide demand will continue to support the prices. And that foreclosed farmland will surely be farmed by somebody.

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