I recall back in the 1970s, my dad passed up buying several pieces of farmland. His math said that an average crop would not make the payments, let alone machinery, seed cost etc. Those that bought it, lost it to bankruptcy several years later. Dads math was correct.
Seems today that lots of farm land being purchased is done so by non farmers. And those buyers are paying cash for the land. Income from crops while nice is not necessary to retain ownership. Presume that these buyers are betting on long term investment and/or diversifying into some hard assets vs all stocks and bonds.
When will prices peak, I do not know, but would guess we are very close to peak.
Last edited by dale06; 07/22/21.
