Posted by MarkB_MI on February 25, 2014 at 04:56:00 from (75.198.2.56):
In Reply to: Re: $ per acre posted by Traditional Farmer on February 25, 2014 at 04:07:46:
TF, I never said that land isn't an investment. In fact I said much the opposite, that you need to compare its investment value against alternative investments. Penny stocks and Beanie Babies are also "investments", but I wouldn't recommend anyone to put their retirement savings in them. You have some work to do to convince me that it's a good time to buy farmland right now, when land prices are at an all-time high and the prospect of falling grain prices is very real.
Another problem with land is its notorious illiquidity. Most investments are fairly easy to sell if you're willing to take a loss (Beanie Babies being a notable exception). But if no one is buying land, you're stuck with it. Think real estate prices can't fall? A lot of folks in California, Nevada and here in Michigan were of that opinion. They were quite mistaken.
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