Earlier this week,I met at the coffee shop a chap from Waterloo, Iowa. He was visiting family in our area here in S.W. Ontario.
He is a retired farmer/mechanic, so we compared land prices in our respective areas.
If he was anywhere near accurate with his figures, Iowa is closer to affordable than Ontario.
According to what he said, 200 bu corn ground sells for the same or less than 150 - 175 bu. ground in this area. And I don't think Iowa farmers have the drying costs that we have here.
It seems to have gone kinda crazy around here in the last few years.
What's gonna happen if/when interest rates go to even just 7 or 8%?
Those of us who survived 20% in the 80's might get taken out by 8%! Haha.
He is a retired farmer/mechanic, so we compared land prices in our respective areas.
If he was anywhere near accurate with his figures, Iowa is closer to affordable than Ontario.
According to what he said, 200 bu corn ground sells for the same or less than 150 - 175 bu. ground in this area. And I don't think Iowa farmers have the drying costs that we have here.
It seems to have gone kinda crazy around here in the last few years.
What's gonna happen if/when interest rates go to even just 7 or 8%?
Those of us who survived 20% in the 80's might get taken out by 8%! Haha.
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