Worst Investment Out There? Farmland, Investor Says

[GrahamS]

I actually thought farmland had peaked or certainly was looking like a risky investment. Hearing Dennis Gartman is bearish changes that a bit and maybe makes me bullish again.

I can't believe a professional would say you won't see $75 oil in his lifetime unless a priest was giving the Last Rights. These people are entertainers looking for a headline not serious financial people. I would love to buy a $75 crude oil call that expired on Mr Gartmans death. I would probably sell farmland to buy that.

[farmaholic]

What this simple hayseed farmer will find interesting is when the correction occurs, how much will it fall AND how long will it take to regain whats been given up. I don't see the bottom falling out, we are at a new level, but.....

Any thoughts on how deep for how long.... I hope some are good at holding their breath (comment made for jest).

I've kinda run my course for land investment, I'll
help the kid but not so much for me anymore.

I want everyone who had the balls to risk it to
succeed.

[freewheat]

It will fall hard IMO, if net returns continue their dismal course. Somehow all the new iron and bins, and other stuff that the good years bought need to be paid for.

Even in best case scenarios in terms of net returns, 2000 dollar land is impossible IMO to make feasible.

I have asked on here MANY times, for someone to pencil out how it works. The only answer I get is usually that "it doesn't have to pencil out", or " the other land will spread the cost".

At some point there IS going to be a reckoning.

The worst thing is, I truly do not think most will see it coming. Most seem in true denial.

For the record, I do not hope for it, I do not wish for it. But I do think it is coming. Especially if Sask turned again into a more typical arid zone, where rain is hard to come by for even a few short years...

[ALLFARMER]

I read the statistic that at $50/oil only 20 percent of the wells in western canada are profitable.

Things in GP have come to a near screeching hault. So my house that the realtor says went up 15k in 8 months....ya maybe not so much.

Oil had to go down....since i got into it lol yup the cows I sold a year and a half ago would have now been worth another 150k more.

Aaaaa first world problems.