Well the numbers sure will not work if you just look at cash rents. They also are trying to protect themselves against inflation. Farm land does tend to do that over long periods of time. Will it do that with them paying record high land prices??? I do not know. The trouble is they just might be right too. We have never seen 18-19 trillion dollar Federal debts before. When the piper demands payment our currency could be come a third world tender. There are many uncertainties in the markets and the general economy. We are heading for uncharted waters with the high public and private debt. The actual economy is not growing if you factor in total true inflation. The Federal numbers dropped energy and food out of their calculations so the federal number is useless.
I would feel safer with land right now over stocks, gold or CDs. You will have some thing if the bottom drops out. Maybe not what you started with but something.
As for those complaining about non farmers buying ground. That is a two sided coin. If your wanting to retire and the farm economy is in the dumps than you NEED outside money to put a floor under the land price. There is no God given right that you have to be a farmer to own farm ground. IF these farm prices stay low then we maybe looking for all the money form any source to help keep things afloat. As long as it is not foreign land ownership I am not against it. Farmers can buy stocks, bonds and non farming companies. So it is only right that others can invest in farmland and equipment of they want to.
As for the comments about farmers losing ground they have farmed for years. Well I feel a land owners can do what ever they want with the land they own!!! If you want total control of land then you should have to buy it period. I am against all forms of zoning and other codes that limit a private land owners use of his/her land!!!!! If you do not want a livestock finishing building across the road from you then buy the land across the road. If you move to the country then expect country smells and sounds. IF I move to a big city do I get to sue people for making for making noise at night????
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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