Kooiker - 2/26/2024 20:54
ks_cover_crop - 2/26/2024 19:11 In the last 3 years here twice as much land has sold than what was sold the 6 years prior. I'm guessing if prices start to slip the supply will dry up. What percentage of land sales in the last 15 years have been forced sales? Prices will drop, but bottom isn't falling out until forced sales increase supply.
Please define what qualifies as the "bottom falling out".
Does a 10% drop = bfo?
15%?
20%?
25%?
30%?
Or is it qualified by a set $ amount/acre?
Does a $2000/acre drop = bfo?
$3000?
$4000?
$5000?
$6000?
Rising prices inflate everyone's balance sheets. Falling prices deflate balance sheets just the same. Even if they are "no sales", that's still the price someone was willing to pay at that time.
Top is in the land market (look out down below)
