I can see the upside in buying the land, but I certainly won't stick my neck out just too far to do it.
I'd like to ask you this. Things go in cycles, ups and downs are normal, the Ag economy is no different. Where do you feel the ag economy is at right now? I believe it is on a downward trend right now with grain prices the way they are, but is land lagging behind a bit on the cycle? I'm wondering if land is at a high right now and might trend lower over the next few years until the Ag economy starts to cycle back up?
If this is the case, I may be upside down on this land for the first few years after buying it?
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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