Buy land, they aren’t making anymore of it.
Some large ag properties have recently been purchased by truly rich individuals. As for vacant land in general, it will fluctuate. But what will the dollar do?
“Agricultural bulls say things are different this time.”
Sure. Commodity prices up, land prices up, borrow to buy equipment on inflated land values, repeat as needed until “The Big Oops” comes along....again.
“With full support from the Treasury Department, the Federal Reserve continues to weaken the dollar...”
And yet we give these evil bastards a free hand, without challenge, at destroying the country.
The article is correct. Big US grain companies are into large joint ventures in South America- Brazil. Buying 1 metric acre (which is 2.46 english) for $1,000. There is a lot of need for grain in SA, but since the government is building rail to the new major ports, I am sure Brazilian grain is heading for the US in 2 to 3 years. Currency devaluation is always a short term high with long term consequences.