| jicasedeere - 11/8/2024 09:10
Just think of what that would do to the value of your land! If there are no Government programs anymore and no subsidized crop insurance, land values will plummet and I mean plummet! Especially in the Dakota's & MN. You think your small town community is dead now? Will only be a few left if all this goes down. I can't believe that some on here wouldn't bat an eye at losing 50% of your net worth or more in the land you own within a few months. Insane! There's going to be a lot of young-middle aged farmers go broke. A lot of old retired farmers who own a couple 1/4's are going to have to unretire or sell. Ethanol plants will shut down, Co-ops will go broke, machinery dealers will go broke, small town banks will go broke, schools will shutdown, mainstreet businesses that are down the line of ag will go broke. Think about hardware stores, lumberyards, bin builders, anyone involved in CAFO's...sounds like a recipe for disaster. Hopefully I'm wrong!
Anybody withing driving distance to a major city will be just fine because there's always some guy looking to buy hunting and recreational land. The only way to kill increasing land values is to stop inflation 100% for many years. Land values will always loosely follow the stock market increases.
If there's no potential gain in land, or a way to produce a profitable product, land will then begin to lose value, but I don't see that ever happening. Long term land holds value.
On edit, you say your farmers will go broke, how would decreasing land values cause Young guys to go broke? Wouldn't that open up opportunities to own land?
Also, anyone with a half bit of sense knows that you can't full time farm at 25, you have to have a 2nd form of income.
Edited by Brahamfiremen 11/8/2024 09:22
|
What is your plan ?
