tag:blogger.com,1999:blog-27951078.post4070052552111474927..comments2024-02-02T05:45:33.724-06:00Comments on Incoming: John Phippshttp://www.blogger.com/profile/03245790061133614986noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27951078.post-14053750998004726922008-12-07T09:16:00.000-06:002008-12-07T09:16:00.000-06:00Farmland , like stocks or dot.com companies event...Farmland , like stocks or dot.com companies eventually react or over react too markets-profits..myself I am looking at either land that would return reasonable rent or stocks with long history of good dividends....land buyers here are the 65+ crowd who seems pretty well heeled as last 3 farms sold locally (50,300,1200 acres) went to this group..we will lose another bunch of farmers this winter..problem I see presently is neither livestock or cash crop guys can sell much to-day and make money......Peter Schiff had it right on you tube--regards-kevinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27951078.post-33844111443590779062008-12-06T23:19:00.000-06:002008-12-06T23:19:00.000-06:00Just an observation...Farmland prices here (wester...Just an observation...Farmland prices here (western Ohio) have shot up this fall. We're not selling, but were just offered $6,000 an acre--neighboring land sold for $3,000 two years ago, we paid $2,400 five years ago for some of ours and $870 an acre 20 years ago. I think people pulling $ out of stocks want to put it somewhere solid. <BR/><BR/>Suddenly I feel a lot better about my debt to asset ratio.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27951078.post-71797140079208496132008-12-06T19:05:00.000-06:002008-12-06T19:05:00.000-06:00don:I have no answer or guess right now. I'm not s...don:<BR/><BR/>I have no answer or guess right now. I'm not sure how much land prices will deflate, since being relatively illiquid, most parcels will be pulled off the market at the first sign of weakness.<BR/><BR/>If prices don't decline substantially in 2009/10, they will accelerate faster than any commodity recovery, IMHO.<BR/><BR/>The reason is the proven track record at that point. If farmland hold firm during this recession, I think everyone will want some in her portfolio.John Phippshttps://www.blogger.com/profile/03245790061133614986noreply@blogger.comtag:blogger.com,1999:blog-27951078.post-11177838545030007492008-12-06T13:28:00.000-06:002008-12-06T13:28:00.000-06:00So what could this expected inflation do to midwes...So what could this expected inflation do to midwest farmland values in 2 or 3 years? Or even 10 years?Anonymousnoreply@blogger.com