We have more outside influence in land prices than we did in the past from people buying land for recreational purposes. JohnMO stated that people are buying land based on what the payment is and not how much it cost. This is true. We will find out if they can really afford these "farms" when crunch time comes and it is a choice of making the house payment or farm payment.
dhermesc said that very little farmland was involved in the subprime mess. How do you think some of these urban buyers financed the down on the rural property? By using the equity in their homes.
Believe it or not, the health of our economy is based on the price of crude oil. When crude is cheap, we have a boom. When crude is high we have a bust. We're fixing to have a bust. I really hope I'm wrong on this.
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Today's Featured Article - Tractor Traction - by Chris Pratt. Our first bout with traction problems came when cultivatin with our Massey-Harris Pony. Up till then, this tractor had been running a corn grinder and pulling a trailer. It had new unfilled rear tires and no wheel weights. The garden was already sprouting when we hooked up the mid-mount shovel cultivators to the Pony. The seed bed was soft enough that the rear end would spin and slowly work its way to the downhill side of the gardens slight incline. From this, we learned our lesson sinc
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