Sunday, July 29, 2012
Drought and Land Prices
We were going through a boom in prices for farmland recently, but this farmgate post on how to pay the cash rent causes me to think the boom must be over. Of course the EWG posts on how some farmers will make out because of revenue protection and the higher prices for the corn they do produce suggest the end of the boom doesn't mean the beginning of a bust. It does, I suspect, mean more churn in production agriculture as some people get caught out and some people come through.