Increasingly transparent rental markets. I got this land rent auction report from Murray Wise.
Note the terms were up-front payment, two-year term. Make your own judgment re: CSR and rent.
Update: I guess Mike was already all over this.
Monday, February 06, 2012
Our greatest challenge...
Increasingly transparent rental markets. I got this land rent auction report from Murray Wise.
[Click to enlarge, but sit down first]
Note the terms were up-front payment, two-year term. Make your own judgment re: CSR and rent.
Update: I guess Mike was already all over this.
Increasingly transparent rental markets. I got this land rent auction report from Murray Wise.
Note the terms were up-front payment, two-year term. Make your own judgment re: CSR and rent.
Update: I guess Mike was already all over this.
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7 comments:
Reality of farming in the future. These auctions will be like land or machinery auctions making guys do there homework ahead of time-regards-kevin
I think I'm gonna puke. Or maybe just have my own land rent auction. I am having trouble adjusting to this "new reality". These numbers seem crazy.
I wonder what the average price was when the owner purchased that land. Probably less than this year's rent!! For the 20 year old wanting to farm, the old adage of "inherit it or marry it" keeps getting stronger.
I'm not sure I understand why this should be the end of the world. What other business doesn't have to compete on a pricing basis for the inputs they need to do business. Do you think you are so much less efficient than others that you can't compete?
I live in Hardin county where tracts 4,5,6, and 7 are located. Charles Lakin offered all of them for sale in November of 2000. At that time the asking prices were: Tract 4 - $2,575, Tract 5 - $2,300, Tract 6 - $2,725, Tract 7 - $3,150. I have no idea what they cost when Lakin originally bought them.
The Europizing of American Ag.
Lords and Serfs
John the last comment about serfs and lords sums up what is happening real fast in AG . Example I see personally is an 80+ friend who came from Europe after WW2 and sharecropped as at least it was better than being a peasant-servant to the rich there with no chance of ever farming for himself and in the '60's was able too buy a farm and eventually become a prosperous farmer.Now I hear his grandchildren refer to the Mexican labor in very demeaning ways as they have forgot or not aware of there roots.Some thoughts on the Krondrieft (sp) wave theory is every 50-60 years we need crashes to redistribute the wealth.Lots think its high rents that are going to impede ag but my take is lower cost countries will benefit the most where they don't have such high costs of production.We may be faced with the same challenges as mfg. that could not compete with low cost countries-regards-kevin
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