[HereInTheHeartland]

I have thought about putting together a archive of all the newsletters, magazine articles, etc from before the 80’s crash.
I was at Iowa State when things started falling apart as an ag student.
I know many good people who were hurt badly from what happened.
It feels like it will all happen again; but no one sees it.

I remember specifically hearing all the reasons back then why land prices would stay high. Some were: “they are not making any more of it”, “farmland is disappearing because of urbanization”, “have to feed the world”, a subset of that “China”, “investors taking their money out of equities markets and into “real assets””.

There were more but can't recall them.

[redgolum]

Last year, and my cousin leveraged a few 100K in farm land, I reminded him of that. He just said that things were different now and that he had to grow to survive.

Honestly I hope he guessed right, but my uncle told me that they are one bad harvest from losing most of it.