Land values and the economy

[turtlshell]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> What are people thinking? </div></div>

Probably looking at the Aug/Sept grain futures when they were reading $8/bushel for corn and $16/bushel for beans.

EXACTLY what are they thinking is right...isn't this the same stupid loan considerations that put us in the $750billion emergency bail out situation? OK so maybe not the same, but very similar.


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> But how much of that money do the land owner/farmers get back in welfare, excuse me, subsidies at the end of the year? </div></div>

Probably enough to turn a profit.

 

[ironwood]

I have attached a link to let you see what has been happening to values across the state. These extreme numbers we are all hearing about both with ag ground and rec ground are exactly that, the extremes. The link shows a very real look at values across Iowa.

I am no expert by any means but I feel very confident in stating we will never see timber ground any where near the $1000 mark. The exception being a complete economic collapse, not happening.

As far as gas goes the speculators are out of it and the poor economy have driven the cost of crude down. No government intervention here except the push for more drilling to dampen the spirits of the speculators.
Iowa land values