> 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 - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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