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 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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