The government and the Federal Reserve bank are in cahootz pertaining to todays low interest rates. They are only trying to help business's expand, or keep the rest of the country from going under due to high borrowing cost. But I think too many people are taking advantage of this to no good end. Sometime in the future the interest rate will have to go up, and this will slow investment in land. In turn driving the price down. Then the big land investors will slowly go broke. Back in the late seventies and early to mid eighties the interest rates were sky high. I remember credit card interest being as high as 20%, and ag notes at around 15%. I bought our place in 87 with 10.25% interest rate. Shortly after that interest rates started to fall, and I kept refinancing for lower rates. Just think what would happen if/when interest rate climb to those numbers.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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