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Land values & optimism
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03-21-2012 03:30 PM
Just wrote up a quick story on a study out today over in Illinois about land values there. The climb's sharp -- not as sharp as in some neighboring states -- at around 20% to 21% for most all categories of land. And, one major implication of that climb is that farmers in that state generally feel solid incomes will stick around for at least another year, thereby making it easier to bid more for land with the assumption that a guy can make enough money to cover it in the future.
So, what do you think? Do you feel as optimistic about your future profitability in, say, the next 5 years as it's been in the last 5 years?
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Jeff Caldwell
Agriculture.com Multimedia Editor
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Jeff Caldwell
Agriculture.com Multimedia Editor
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