I would say erosion of values for sure. Most of the high priced purchases were made by older well off farmers. New younger farmers will not have the resources to bid values as high due to the need of more financing along with less equity. The government will come into play as they will see these high valued farmers as a source of revenue to help with the federal debt. High property taxes with soon to come local income taxes will make land a less attractive investment compared to other investment types driving values down. The possibility of a collapse does exist especially if a series of political events helps precipitate a collapse in the commodity markets. There will be far fewer foreclosures and bankruptcy as banks have insisted on higher down payments and equity levels. Still the possibility exists for severe erosion of the balance sheet in short order.
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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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