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Non-Cattle Specific Topics
Coffee Shop
Ag Recession ?
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<blockquote data-quote="Nesikep" data-source="post: 1537664" data-attributes="member: 9096"><p>Why is land unaffordable? well.. I'd say it's because of stupid low interest rates.. and the idea that land price should double every 10 years.. yet the price of the goods sold has stayed stagnant for decades.. When we bought cows in 1991 prices for steers was about $1.25/lb.. nearly 30 years later it's 2.25/lb.</p><p>However, when we bought the steers, gas was $.40/liter, now it's $1.40, and the same for everything else.. In the rare cases something didn't go up in price, the quality of it went down instead.. Maybe 30 years ago you bought a wrench for $5.00, but it was a quality item, now it's still $5.00 but is made in china and a piece of garbage.</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1537664, member: 9096"] Why is land unaffordable? well.. I'd say it's because of stupid low interest rates.. and the idea that land price should double every 10 years.. yet the price of the goods sold has stayed stagnant for decades.. When we bought cows in 1991 prices for steers was about $1.25/lb.. nearly 30 years later it's 2.25/lb. However, when we bought the steers, gas was $.40/liter, now it's $1.40, and the same for everything else.. In the rare cases something didn't go up in price, the quality of it went down instead.. Maybe 30 years ago you bought a wrench for $5.00, but it was a quality item, now it's still $5.00 but is made in china and a piece of garbage. [/QUOTE]
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