Posted by Traditional Farmer on December 18, 2012 at 05:08:15 from (67.233.70.253):
In Reply to: Farm land bubble posted by Jon L on December 17, 2012 at 22:29:56:
In terms of today's Dollar value its overpriced but those paying the top prices now are betting there is going to be a massive devaluation of the Dollar (inflation) so it'll be easy to pay off that land when what amount of Dollars today will buy a car but in the future the same amount will barely buy a Lawnmower.I think its probably as good of a bet as any as there is no indication that the Federal Reserve is going to slow down pumping Dollars into the system.Just the other day they announed they were on track to pump over a Trillion of new Dollars into the system every year.When the US Dollar collapses everyone will take a hit but those holding hard assets like farmland,Gold,Silver etc will be affected the least while those holding Dollars,stocks,bonds etc will be hit the hardest.
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