|
central illinois | In my area local financial institutions are requiring 35% down payment for farmland. The farmland market is not as highly leveraged as it was in the late 70's and early 80's. Many of the investor non-farm buyers are paying cash as the reallocate from stocks and bonds to farmland. I just closed on some land adjacent to land I already own. Have the cash to pay for it but chose to take a 20 yr. fixed rate mortgage at 5.5% as I believe inflation will drive land values and eventually interest rates higher. The consequence of the Fed printing all these $ should be higher inflation. Since I am actively farming, the farmland is a better investment for me than some other hard asset such as gold in the long run. | |
|
Inflated Balance Sheets
