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| Short term, lower commodity prices will likely bring rents down. Land would soften at auction but lag.
Long term, I'm probably in the plateau / slightly up from here camp. I'll change my mind if another ethanol revolution comes around that creates immense new demand. Conversely, if we lose ethanol demand, land gets hurt badly.
3 years of drought, a war market, helicopter money have created a frothy market. I am not calling it a bubble though. Just my 2 cents.
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Land Prices
