A Mystery to Me

[hobbyfrmr]

I fear a crash is coming hope Im wrong though but i think it may be much worse than the eighties. the problems in my opinion started when leasing new equip became the way to go because guys that cant afford new lease it. with this mindset the manufacturers can charge the max amount the market will bear and it makes it real tough for the guys who want to buy and own equip. back in the eighties i bought a new spra coupe for less than 20000 now i see jd has a sale on for 550000 you can have a new high clearance sprayer. I know that old coupe wasnt as nice to drive as my high clearance but it was simple and trouble free and I know where that coupe is today and it is still going strong. If the ag economy does go to shit i know of some who cant even change oil on their equip it will be interesting to see if they can learn to fix a few things on their own. I hate to say this but i think the way to fix the economy is to have a 4 or 5 percent jump in interest rates, there will be pain but left unchecked we will go the way of the u.s. housing boom. easy money and low interest rates seem to be a symptom of the entitled generation who deserve everything for nothing . its like that old song (money for nothing and the chics for free)

I dont see the farmer buyers as getting the properties for nothing. They are paying the market for land and to rent land. I agree interest rates are low and that may change. This could create some discomfort in the future but we cannot predict the future.
New Machinery costs are stupid, but on some farms they are a necessary evil. Why does a person own a depreciating asset when the can concentrate more money towards owing the land which should (in theory) appreciate. It really boils down to the old saying "to each their own".

[sofa king]

i agree hobby nobody is buying land for nothing but owning it is a very good investment. The point i was trying to make is that most people (not just farmers) see something and want it so they finance it nobody saves any more. I know guys that look like they are wealthy by their stuff but they finance everything from campers snoemobiles atvs boats and even big screen tvs. Too many people like this and if they miss one paycheck they are in trouble.

[chuckChuck]

If you are worried about bird losses better add windows, power lines, highways, cats, pesticides, and loss of habitat to the list of dangerous things for birds. Windmills will be far down the list of problems.

[blackpowder]

Go ask the people of Germany how they feel about turbines now.