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| I'd like to know where this locked in 4 7/8% long term land interest money is at. Sure can't find it anywhere here on the plains. I remember talking to a city banking boy at a financial seminar 3 or 4 years ago about the big difference between farmland interest rates and housing rates. He said houses are better collateral than land because "you can always sell a house" alot more potential buyers than there are for Farmland. Today I see pictures of alot of houses in california that can't find a buyer, haven't seen any Farmland that can't find a buyer. That may come but my point is why is this Cheaper interest always available in town but not to agriculture? | |
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Letter from the Editor (DTN's Urban Lehner) re: inflation and interest rates
