Has the U.S. Recession Already Begun? . . . .

[bucket]

Yup all those investor types will want their money back in full and the government will be more than obliging just like bombardier but the average farmer who hits a rough patch will be forced into selling out so the investors can average down on the way out.....

[hobbyfrmr]

Why not buy over inflated Ag land? It's as good a place as any to lose value.

LOL! Hopefully the farmland will not lose too much value. Cash rents are going up, it is a good time to own farmland and lock in some sweet retirement revenue.
Too much land devaluation and the debt/asset ratio may go to amber or maybe Ritchie Brothers favourite color, blood red. This would be a problem.

[farmaholic]

I was reading Andrew Allentuck's column, Guarding Wealth, in Grainews. He was talking about bubbles and like this quote....something about history having no monopoly on "hope in excess of reality".

Bubbles pop.

Why would ag land be any different? And I think it is past the point of reality. But appartently it doesn't have to make sense. Unless you want to borrow to buy it and make a living on it.

Personally, "I" probably don't have enough time(hope).

[biglentil]

Personally, "I" probably don't have enough time(hope).

So it pops Farma would it really matter? Your dirt would still be the same ole ghetto dirt producing the same ole foodstamp stuffs for the ghetto populace.

[farmaholic]

So it pops Farma would it really matter? Your dirt would still be the same ole ghetto dirt producing the same ole foodstamp stuffs for the ghetto populace.

In my case you are absolutely right biglentil. It could be $5000/acre now and unless I'm selling it it doesn't matter. Because there's an apprentice here who wants to take it over it's not for sale. And I never bought any since the last huge run-up in value. But if I was to buy now with no one to hand the torch to......someone should take me to and have my head read! That's were the comment of not personally having enough time comes into play.....even if I had the cash to buy it, if this thing corrects I may not live long enough to recoup all my money. ...or if I borrow....I may not live long enough to see it paid off.

Caveat emptor from the slum of the Ghetto.

[farmaholic]

.....since talk is cheap---that's why I talk so much, if I was actually presented with an opportunity to buy land at these current prices against our existing block I would have to think hard about it...notice I never said "long", because there's a chance it may be sold before I made up my mind.....not that too many of my farming neighbors would snap it up at these prices as the investor types taking it before I made up my mind. It wouldn't be for me anymore but the ones after me....

[bucket]

All costs in .....shitty lentils or 60 bpa garbage durum didn't pay the 100 dollar acre rents unless your using new math ....lol.

And unless others haven't noticed those big numbers just get politicians thinking someone isn't paying enough tax.....

Lentil prices are off 35 percent and there is no bid for good quality durum .....a 3cwad is what end users are happy with.

[farmaholic]

You're entitled to my opinion wiseguy!

;-).....Happy Easter!