Think long-term with wild land prices04/24/2012 - 05/03/2012
Some Corn Belt values have seen their sharpest price jumps ever. Crop prices have been good. Interest rates have been low. Farm incomes have been healthy. Makes for a healthy outlook for farm land values, right? There is bad news, though. Interest rates can't get much lower. There's a lot of uncertainty about this year's crop yield potential. And, both fixed and variable costs to raise corn and soybeans continue rising. Ultimately, it's best to take a longer-term view of both land values and your ability to keep up with them instead of remain beholden to a shorter-term perspective.