We have more outside influence in land prices than we did in the past from people buying land for recreational purposes. JohnMO stated that people are buying land based on what the payment is and not how much it cost. This is true. We will find out if they can really afford these "farms" when crunch time comes and it is a choice of making the house payment or farm payment.
dhermesc said that very little farmland was involved in the subprime mess. How do you think some of these urban buyers financed the down on the rural property? By using the equity in their homes.
Believe it or not, the health of our economy is based on the price of crude oil. When crude is cheap, we have a boom. When crude is high we have a bust. We're fixing to have a bust. I really hope I'm wrong on this.
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Today's Featured Article - Museum Coverage: The Stuttgart Agricultural Museum - by Cindy Ladage. While cold wind was blowing back in Illinois, in Arkansas, daffodils were in bloom, and the Magnolia trees were adorned with fragrant blossoms. Stuttgart, Arkansas was the site of this year's winter Minneapolis Moline Collector's show February 25-27, 1999. The show was held at the Oliver Museum created by Don Oliver, the pioneer of the four wheel drive tractor. Oliver along with Gale Stroh and Kenneth Bull using Minneapolis Moline tractors and parts created what has become known as
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