We MAY go into a period of inflation IF (and only if) the Fed begins printing all these trillions that they have promised out. IF NOT and the fed tries to borrow (sell T-bills) to the tune of $3 trillion plus.....deflation will be the order of the day. $4 trillion+++ of wealth in stock value and the paper value of corporate bonds has been wiped out in the last month. If the fed takes another $3 trillion worth of capital out of circulation it will be hard for the banks to find capital to lend (even with the fed pumping capital into the banks). If nobody can get credit, nobody will have the money to buy your land and your cattle. When you sell (if you sell) it will be for less $$$$. As everybody depreciates assets people who have been borrowing will be unable to borrow because their existing notes will be underwater (ie the mortgage is more than the ranch/feedlot/house is worth). They can't borrow....they can't make money...they lay off employees.....they have no money....they can't pay their bills.....their landlords, doctors, grocers, etc have no money....then you got Depression city. My Grandfather used to talk about how cheap he COULDA bought 1000 acre farms for in the Depression. Of course then NOBODY had the cash to buy anything so everything was CHEAP. I don't know what is about to happen. You might be right and we just print the paper to buy Uncle Sam and the banks out of the hole.......and we could be 2-3 years away from $350 an acre grassland again. A lot depends on which devil the world's central banks want to dance with.......deflation or currency devaluation.
Hyper-Inflation! There is no way around it now. Fertilizer will be $1 per pound. $1 will buy what .50 will buy today. Time frame? Not sure but guessing 2.5 years