Posted by NY 986 on December 18, 2012 at 05:32:35 from (67.142.178.23):
In Reply to: Farm land bubble posted by Jon L on December 17, 2012 at 22:29:56:
You are right. The Symptoms are different than the 1980's but the outcome will be the same. There is a very strong chance if there is a new farm bill that it will be very weak in supporting commercial agriculture. The agricultural universities always figured if that happened values could be reduced by a third. As a group the older farmers who survived the lean times and built up cash on hand plus equity were the big instigators of big dollar moves in purchasing ground. As the older well heeled farmers die off (which is happening) the younger less financially secure farmers will offer bids closer to what cash flow (versus cash on hand) allows. I think any tax package passed in Washington will call for higher tax rates on top earners reducing money available to bid on land. Bad years with yields or prices will force farmers who are in a mediocre financial position to sell land which will increase the inventory for sale which will create downward pressure. A seldom talked about scenario is a local tax on wealthy citizens to make up for local budget shortcomings.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.