I think you're right . it will drop . but investors are realizing it still will be there. you can still walk across it , run your hands through it , whatever you want . all these other worthless pieces of paper we , and everyone else have invested in , is just that . a complete waste of time and at the end of the day you have SFA to show for it . and your smart financial adviser will be long gone (probably retired at age 50) and if things get really really ugly you can still go out and grow some food on it
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Highest prices around here have been paid by FARMERS who need MORE every year. I don't see land going down, some investors/corps have $BILLIONS to play with. As said WAY better than paper BS. Currently NO or LOW returns over time. 30% will retire, but 70% will fight over those acres in next few years.
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I oscillate between feeling a crash in land values will occur, and that they will not drop much. It is such a different dynamic now. A lot of the kids now have had a string of good years, or at least decent years, and with their parents rapidly growing land equity, have taken on more and more with ease. It just seems as fj says, that it is never enough. No one seems to recognize there may be a time to stop grabbing all you can and simply make a living off a reasonable amount of land. If there is land, they will buy it, economically feasible or not. And if they have enough labor, enough cash to keep up with efficient iron etc., I guess why not? Nothing against them, I just think it is dangerous to assume it will always come this easy.
Today, I feel like land will not drop that much. But I may be wrong. You hear things that make you realize things are not that peachy in big farming world here and there.
Who knows? lol
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Originally posted by MBgrower View PostI hope land prices keep going up. Cant understand you guys wishing on your investments droping in value?
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