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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (107201)	8/25/2014 2:46:45 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 217884

First of all, our family has continued to buy land with the profits. This has been going on since 1890. Land prices go up and down just like the stock market. Right now the land prices are high and I would not buy land at this point in time. Some day it will go down and that will be the time to buy. During the 30's my grandmother would go to the county court house every month and see what land was for available for taxes. They purchased a bunch of land at that time. Also in the 60's and 70's land was cheap and land was purchased during that time. I agree that the cost of a product should include the cost of money, but when one is running the operation then the cost the farmer needs to use to break even when hedging is his costs. There is a big difference between land ownership and the S&P or stock in a corporation. The S&P or corporations will not be here forever, where productive farm land will be here until the end of time, or at least as long as the earth is supporting humans. <smile> There is one company that I know of that was in business in 1892 and that was John Deere - of course they were just a small operation in Ill, but they were a farming business. We use John Deere equipment and have as long as I can remember and I am 76 years old. Now Corporations die when there product becomes replace by something else. Hard to find a shop that is shoeing horses these days. Farming does not die, but has certainly changed over the years. Right now the machinery is run by GPS systems so the work is done by satellite. We have a GPS platform on the top of the windmail you saw in the homestead picture. It supports land over 20 miles away. We are not quite there where we do not need humans to run the machinery, but less labor and zero damage to crops when fertilizing, spraying, etc. If a farmer does not keep up with this movement of productivity he/she will be in trouble. Our family has always been the first one on the block with new innovation technologies, and I believe that is because we believe that higher agriculture education is the backbone of any farmer. The price of land has gone up much further in price than any stock market item over 130 years. In 1892 some of my land was purchased for 3 cents an acre and now land a few miles away and less productive sold for $6,600 an acre.