Posted by steve_in_MO on August 19, 2011 at 12:08:35 from (64.45.253.121):
In Reply to: landlords posted by Chris in ND on August 18, 2011 at 23:39:32:
Farm ground prices have cycles, and we are in a strong upsurge right now pushed by high crop prices which are in turn pushed by huge state and federal subsidies for ethanol production.
Those subsidies may soon get cut. There is no way to predict how high land prices will go or how long it the trend will last, but it will turn.
My advice would be to buy yourself a home place, with cash, to live on and retire on, if you don't already have one. Watch the long-term land price trends and be happy to have a decent landlord. If you are patient, you can buy lots of land in the next downturn.
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Today's Featured Article - Memories of a Farmall C - by Monty Bradley. When I was a child, my grandparents lived on a farm owned by a Mr. Walters. The crops raised were cotton and soybeans, with about forty head of mixed breed cattle. Mr. Walters owned two tractors then. A Farmall 300 on gasoline and a Farmall C, that had once belonged to his father-in-law, and had been converted from gasoline to LP Gas. Many times, as a small boy, I would cross the fence behind the house my grandparents lived in and walk down the turn row to where granddaddy would be cultivati
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