> What is the significance of the "lowest ratio of farm rent to land vaues"???
The significance is that land prices are skyrocketing at unprecedented levels. The low ratio means that these sky-high rents that are being complained about here are CHEAP compared to the land price.
In the past year, cropland prices have increased about 25% on average and over 40% in some states. To me, it looks like the housing bubble all over again. The only difference is the mantra "home prices only go up" is replaced with "commodity prices only go up".
Some people are gambling their life's work away paying these high land prices. Maybe they'll win, but maybe it all comes crashing back down and we get to re-live the 1980s.
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Today's Featured Article - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
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