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Old 11-30-2012, 03:19 PM   #21
Confused about dryer sheets
Join Date: Nov 2012
Location: cape coral
Posts: 4
Originally Posted by foxfirev5 View Post
Your basically investing in farming. I moved to Illinois in the '80's with a farm related business. The farmers were in pretty dire straits after a big run up in both corn/soybean prices and land values. Lots of them went out on a limb and bought more land. Then out of nowhere prices dropped. Corn went from something like $6 /bushel to $1.6. The leveraged land purchases blew up. Next thing we had the first Farm Aid concert to save the family farm. There are big gambles if you want to go into this business. Feels like the end of another cycle to me.
Thanks for the straight talk and realism about farming. Being professionally skeptical is the right approach. It's a shame that farmers have to constantly have anxiety over issues that they cannot control (like the commodities index prices). I think that farmers are the very basis of what America is and most other economies transcend from agriculture.

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