Posted by Cas on February 25, 2014 at 12:15:05 from (74.67.165.216):
In Reply to: $ per acre posted by Whiskey Bent on February 24, 2014 at 18:41:33:
Commodity markets have been hot the last few years. I would go over to Agtalk and start reading the marketing forum for 2 to 4 years. By then I think you would have a fair knowledge about what is going on. I have been involved in production agriculture for almost 50 years and have seen the highs and lows come and go. Land has been a good place to gain and store wealth for these years. But, I still hear my father saying(in my head) in the 1930s he could not make the morage payments or even interest. The man at the bank told him to just pay the taxes and things would pick up. They did but not until WW2. I guess the point I am trying to make it is a matter of luck, timing, and be willing to struggle at times and do pretty good at times. I am not smart enough to predict the future. It seems with lower crop prices and interest rates might be going up sometime land prices will not continue the upward. One thing though, land going back to the 1950s has always seems to be too high for the time. It has eventually always gone up. Will this trend continue, I do not know. There are way to many factors to consider to list in one post.
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