Posted by J Thomas on January 30, 2009 at 07:02:59 from (208.124.79.252):
In Reply to: Farm ground prices posted by MF294-4 on January 29, 2009 at 18:32:55:
Just My opinion but buying land at these prices are nothing but a drain on you for 20 0r 30 years if you have to borrow the money and in that case the land would have to double in price to break even. Didn't any body learn any thing from the recent housing bubble where people were hoping the price would keep going up. $3 corn will not support 6thousand dollar land. you can argue there not making any more of it but they sure have a lot of unused land in south america and russia that can come into production at a lot cheaper cost
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