Ft. Ripley MN | deere9510 - 2/10/2024 16:05
A lot of young farmers haven't had to manage money with 3 to 5% interest. It's definitely a big part of the equation now. That being said I bought my first farm at 11% in 1989 and still kickin. Lol
The interest rate isn’t the concern of mine… it’s the principle nowadays. The dollar is worth a lot less today than it was in the 80’s. What did is cost to buy an acre then vs. now? How about that tractor or combine??
I didn’t go through the 80’s so I’m trying to learn and prepare myself for future situations. Just hear me out for a second, you bought your first farm at 11%… now what’s your farm worth today and what does that valuation look like with 11% today?? I think that’s gonna be a bigger issue today then high interest in my opinion |
Funds and buying back corn
