Not surprising as the checking accounts are not as fat as they were a few years ago. Some guys will still employ a strategy in that regardless of how disproportionate the checking account is to the acreage for sale they will throw every thing including the kitchen sink to get it so nobody else will. The only problem with that is at some point they get to pay the appropriate property tax levy on that tract.
12-13 dollar milk is slowing down the smaller dairy guys here. A couple years of those prices will slow down the mega dairies. My problem locally is quite a number of landlords are well insulated from the general economy so they will have visions of 2010-2014 commodity prices dancing in their heads for a while yet. Our ground locally is not worth the money envisioned as it is 150 bushel corn/ 40 bushel soybeans in a good year. It's going to take a lot to clear grain and milk inventory so I don't buy the bull market talk if any is out there. Milk could stay where it is at for quite a long time if we compare to past cycles.
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