According to our retired extension agent, prices do need to be near to the highs in 2014; figuring inflation, cost increases in fuel, fertilizer, and equipment costs; wages and all figured in. Tell that to the dairy farmers that are getting less for their milk than in 1989.....
But regardless, I do think that we will see a rise in prices in about 2-3 years, not that high, but maybe enough to make you think that getting out is a good thing. IF and only IF, we do not see a disaster with the political situation, that could actually trigger us to go into a big recession. The stock market's big drops are a little scary, but we need some correction. If the Republicans win the mid-term elections, there will be sure a hue and cry from the other party.... but I think we will see a brief resurgence in the stock market and then a possible real fall. I know I am trying to get situated for it. Rather to have stuff and not need it than to need it and not have it.
As has been stated in the thread "Any Thoughts"; a recession will be very different due to the complete reversal of much of the population that was on the farm or could be somewhat self sufficient.... to today where most all are NOT close enough to the "self-sufficiency" type lifestyle. Then the have nots will try to destroy the haves just to try to survive a few more days or weeks without realizing, or caring, that they are destroying any possibility of surviving long term. We will be taken over by some other country that will impose a total dictatorship type govt and we will all suffer as a result.
