Posted by paul on February 05, 2009 at 19:41:19 from (66.44.132.127):
In Reply to: Ia Ag Economics posted by Icuby on February 05, 2009 at 08:24:32:
Farming is all about cycles. I saw the property next to me worth $800, $2100, and $900. Those are selling prices. Land has no value at all if you aren't selling. Just like housing, every house in town over inflated for the last 5 years, now it is deflated to less than it should be. That only matters if you were selling or buying tho. Farmland also goes way up & way down.
Grain prices have been pretty good the past 2 years. Grain farmers should be happy. Livestock farmers - not so much. They have had to feed expensive grain to cheap meat & diry producers.
2009 - and beyond - look very scary. Fertilizer costs more than the crop is worth at this point in time. Ecconomy going down, grain prices seem to be headed down too. What do we grow, what do we plan for? Future looks just as scary to us as it does to town folk. Losing your job is scary. Losing the whole farm - is even scarier....
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