Posted by NY 986 on November 15, 2011 at 08:14:34 from (67.142.178.21):
In Reply to: Re: OT. FUTURE OF FARMING posted by Traditional Farmer on November 15, 2011 at 07:53:31:
A lot of wisdom in what you are saying. However, don't confuse the next crash with what happened in the 1980's. Plenty of the BTO's are very secure financially. I don't see a huge fall back in land prices unlike the 1980's but we may well see fallbacks in the area of 35 percent or greater. I think the big thing will be there will be opportunities out there that the BTO's can not possibly stave all his smaller competition off. What you have stated is basically my plan for the next decade and change. It would be very reckless on my part to severely overpay for very mediocre land. Also, on my finances 50,000 dollars does not go far based on today's values. Somedays it is very hard to look at the long view when I hear some BTO is getting ready to devour a piece of ground near me but it is the only realistic option for me.
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