Land prices don’t need to have anything to do with farming returns. Anybody with $$$$ can buy land. They hope the total return is positive. Return from use (crop profit/cash rent) plus appreciation in value - expenses/taxes. Cash rent should reflect profitability of farming said land, but it doesn’t always.
Around here some land is sold to farmers, some to others. Both need to have $$$$ if they are in a buying mood.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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