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SE MN | In my opinion all it will take is a $0.50 rally in July and Dec corn and $1.00 rally in July and Nov beans. Add to that milk is over $19 and moving higher and there has been a ton of money made in the beef business. With milk and beef there are now DRP and LRP to manage some price risk.
Uncle Sam loves a good disaster/price loss program too. We have learned to look to the FSA office to help in tough times. $50/acre for some 3-4 letter acronym really helps
with that high payment.
That leaves interest rates. I would say 90% of people think rates are coming down in the future and will take the chance that the opportunity to refinance at cheaper rates will present itself.
And like Colombo, just one more thing. There is a ton of cash out there. Not just farmers, but 1031 and other investment money.
I’m not saying land prices won’t fall. They likely will. But I see a lot of reasons why it will be a slow decline, not fall off a cliff. | |
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All you land bulls may not want open this thread; Auction results
