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| Tara, everytime we all think we've got it right, something changes. Don't stop construction on your multistory consulting firm building just yet - you could have more customers than the garage office everyone has put you in can support. In other words who knows what's right and frankly what I'm looking for is a yield/price situation that rewards reasonable risk takers and causes over the top risk takers and their banks to back off a little. Not necessarily a dissaster either way, but more of a calming set of numbers. This overheated stuff isn't good for anyone unless you find the lottery a wise investment. I remember when yields backed off just a little in the 90's and put corn in the 2.70 range - we all made money and inputs didn't really have a reason to jump up. At the same time the guys paying too much rent expecting big yields (yield goes up as you farm more doesn't it?) had to rethink a little and the mad dash for land slowed considerably.
Thanks,
Pat | |
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THESE YIELDS ARE A DISASTER IN ILLINOIS
