Posted by Erik Ks farmer on January 05, 2013 at 06:24:34 from (199.241.240.16):
In Reply to: Farmland prices posted by MarkB_MI on January 05, 2013 at 05:42:10:
I believe the thought that farmers have created the inflated land prices is inaccurate. Instability in other parts of the market have led investors into land speculation, this is what has driven up the cost of land. In this area if a large piece of land comes up for sale it is more likely to be purchased by someone with outside money looking for a weekend retreat or the next sub division. Also I would not expect a farmer in that tri state region to look fondly upon your statement that farmers are holding large cash reserves because of the good years that we have just come off. Where have you been? A large part of the country just suffered through one of the worst droughts in at least 50 years.
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