| tmrand - 4/20/2024 21:05 I'm sure you can imagine that...........as can I for sure. My only point..........was that without the insurance, land prices would be substantially cheaper. And guys wouldn't be looking to expand to ridiculous acreage numbers. If you lose $1,000 an acre...........just how many acres does one want?
Cheaper, yes. Substantially cheaper, that I don't know about. I suppose it depends on what one calls "substantial".
Like I said before, it wasn't the current crop insurance program that lit the fuse on land prices. It was a combination of the ethanol boom/higher grain prices, down trending interest rates and govt inflation.
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Crazy Land Auction
