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 - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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