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Deep state, shallow pool | most farmers and landowners are still of the mindset that $14 beans and $6 corn are around the corner. If we are in a trading range between $3-$4.25 for another 5 years adjustments need to be made. The older generations have lived through the boom and bust periods but the younger generations believe they are never going to see it again. The worst are the Absentee landlords that are insulated from the expenses and weather. They truely believe they are entitled to these land prices and rents until it dries up. Of course there is a huge section of the industry that believes the government will mail a big check and keep it afloat until they don't. | |
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Land payments
