Yes, saw that Illinois farmland had a darn good farmland appreciation rate, much as we have had in Iowa. In Iowa it was 10% for the last 6 months, we keep that up a 20% total for 2013 will look good. In 2011 for Iowa farmland it appreciation rate was 28%, 2012 it was 38%, and if it stays at 20% for 2013, that is a 86% rate for 3 years, darn close to doubling in 3 years. It can't continue those types of appreciation rates forever, that's for sure. Yes, all it does is look good on paper, but really means nothing unless you plan to sell your farmland. That's the bad part about high land appreciation rates, to get at some of that money, you need to sell some farmland.
And yes, I think corn has finially found a bottom. That would stop all the bleeding. However, I hope we have one chance in 2013 to get $6 cash corn on the DEC/2013 Contract. That would be really, really, nice and give me a 6.75% ROI Ratio for the 2013 corn crop.
