Hardwood11
It is going to be a good fall!
This subject is something I watch daily, since I am in the real estate business. On QDMA.com this question came up. Most feel that "no" it will not be a bubble.
Personally I feel the high value farm land will level off or possibly go down if corn prices drop in the near future (which I think they will) It all depends on rain in the Midwest?
So many factors, crop insurance, ethanol, interest rates, investors, crop prices, competition....
I just have this feeling that despite the demand, these prices are too high for long term income to match. I feel a correction is possible.
Advice from veterans in the business, when everyone says it has to go up no end in sight, that is when it reverses
Your thoughts?
(The 2000-3000 per acre combination farm is probably not going to see much of a change, mainly referring to good ag land)
Personally I feel the high value farm land will level off or possibly go down if corn prices drop in the near future (which I think they will) It all depends on rain in the Midwest?
So many factors, crop insurance, ethanol, interest rates, investors, crop prices, competition....
I just have this feeling that despite the demand, these prices are too high for long term income to match. I feel a correction is possible.
Advice from veterans in the business, when everyone says it has to go up no end in sight, that is when it reverses
Your thoughts?
(The 2000-3000 per acre combination farm is probably not going to see much of a change, mainly referring to good ag land)