HawkeyeStateHogs
Member
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USDA is projecting corn below $3.75 and beans below $8.50 for the next decade. This will put downward pressure on land values. If and when interest rates finally start their upward movement, there won't be as many buyers who can afford it. Farmers are sitting on a few years of record profits but that ship has sailed. I've read tons of reports and articles over the past couple weeks regarding this and nearly every economist expects a 20-30% drop in farmland values over the next several years. Timberland (rec ground) follows the trends of crop ground. Best have some cash on hand when it happens.