I agree with a lot of what you said. I don't think there will be a crash of values but serious steady erosion. People will need to cash out land for other needs and the number of individuals that can pay as much or more will be few and most likely unwilling. I can see the ag banks telling guys after a few poor business years that the bank has gone as far as it will go and it is time to cash some ground in to pay the taxes or the money borrowed on inputs. Despite all the claims that this time it is different it always washes out the same. I listened to one fool during the end of the 1990's say that the US had eliminated economic downturns so just because somebody has a degree or a title does not make them all knowing.
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Today's Featured Article - Restoration Story: 1964 JD 2010 Dsl - Part 2 - by Jim Nielsen. Despite having to disassemble the majority of my John Deere 2010's diesel engine, I was still hopeful I could leave the engine-complete with crankshaft and camshaft-in the tractor. This would make the whole engine rebuild job much easier-and much less expensive! I soon found however, that the #4 conrod bearing had disintegrated, taking with it chunks of the crankshaft journal. As a resul
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