land prices

[poorboy]

Is it a good time to buy farm land, or are the highs almost in like in the early 80's/late 70's?

With the consumer economy slowing down and grain inventories building, is agriculture not set up for a run lower in prices sometime in the next 2 years?

Looking for opinions yea or nea and why you feel that way. Obviously no one knows for sure what the right answer is until a later date.

[Hopperbin]

Well if you are lucky to have good Agristability land is cheap, in my area anyway. Other than that haven't they already have had the run up and a bit iffy?

[mbratrud]

In 1980 the population of the world was about 4.4 bn, we are now around 6.7 bn. So unless there is some sort of mass extinction land has a pretty good chance of going up. Especially in places like Western Canada where land is relativly cheap compared to other productive areas of the world.

[ajl]

I think there is a good chance land is at a high. You now have to compete with Russia and other new sources of supply. Thankfully they had a drought this year but what if they had not? Other bearish factors include people eating less as they get poorer. Recession cures obesity in America. Another factor is how long can the US keep up with subsidized surplus disposal (ethanol) for surplus corn?

[SASKFARMER3]

Were cheaper in western Canada than Brazil and Argentina. Not even in game with USA and Europe. Any quarter you can buy buy.

[mbratrud]

ajl, I think we are going to continue to see land prices hard to justify from an ag economic standpoint. But old money will continue to come in a buy land as a safe long-term investment. You or I putting a pencil to it and saying today’s farm economy just doesn't support that kind of price just won't matter. That’s the reality; in our area probably 50% of the transactions in the past 4 years have been to people that will never turn the soil themselves... Get used to it. I don't think its going to get better.

[cottonpicken]

Nobody likes this broken record tune i keep singing
but..........

Its the us bond market.

It takes a few thousand hours
education(literally),but when this thing comes
unglued and the usdx losses 50 to 75% value in a
few hours,your not going to be sad owning some
land.

Its the owners of us debt that are going to be
screwed.

[checking]

If it's on and on Anon with a twelve step program to the collapse of the US bond market, then you're correct, no one likes the someday, I'm sure it's going to happen tune that never has a deadline. Even the Maya had an end point of December 21, 2012. Give us one, or shut up with your speculation. Is this too much to ask?

[jensend]

i just want to know when jim rogers is going to deliver my lamborghini. i want a bright red one.

[cottonpicken]

Lol,i wonder if we could even have a conversation
about economics without you having to stop and look
up the meaning of words.

[jensend]

lol. yeah wouldn't that be something? so answer the other question about when the usdx crashes.

[cottonpicken]

It did-its lost 97% of its value.

So i'll guess your asking when the next big leg
down is.

Answer-within 18 months

Let me guess your next thought.

Ya right maybe who knows 18 months is a long
time,who cares.

Answer-its the greatest opportunity in 80
years.More money was made in the collapse in the
thirties than can ever be dreamed of.

[cottonpicken]

Oh and yes "it" did take a 75% write down overnight in
the thirties.

I'm sure all you nial ferguson goof balls are aware of
that fact.

[cottonpicken]

And while we are at it why dont you do some fact
checking and tell me where and when what asset
classes have done the best over the past 7 years.

And then tell me ive been wrong all along.

[furrowtickler]

Jim Rogers may be right but look out your window, he can't predict weather. You go pay $1000 for land toaday - how you gona pay for it next year? Think real hard as you watch the rain/frost - this is not Brazil, Argentina, the U.K. or the U.S. - Any one of those locations it can rain an inch and harvest the next day - with virtualy no risk of frost. Land is worth the enviroment it is located and risks therein. Just a reality check when fees peas are worth sub $3 feed wht is $3 and feed/#3 lenils are .06/lb. ... Been there!! And $500/ac is outa reach - no matter how wounderfull you think you are.