Land prices don�t need to have anything to do with farming returns. Anybody with $$$$ can buy land. They hope the total return is positive. Return from use (crop profit/cash rent) plus appreciation in value - expenses/taxes. Cash rent should reflect profitability of farming said land, but it doesn�t always.
Around here some land is sold to farmers, some to others. Both need to have $$$$ if they are in a buying mood.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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