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Ripley, Ontario Canada | Owning 2 acres here is nowhere near enough to pay my local land prices. If you are honest with your figures here and interest is 6-7% which I think is a reasonable number for a smaller borrower you need 13-15 acres paid for to handle a 25 year loan on land. Even dropping to half doesn’t really make land work here. Definitely a bubble built by people that were born after 1960. I have been farming on my own since 99 and until this current rise interest has only gone down. It’s not really back to what I started at in 99. Leveraging has always worked until now. I think we are about a year out from things getting interesting. The inflation at the farm level is not slowing down and something has to give | |
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Response to Boone And Crocket's Land bulls
