Talking inflation and TLBs
May 17, 2010Lot of talk about inflation these days.
As in, with these super high levels of sustained government spending and rising debt, eventually we’ll see the inflation monster return. Remember the late 1970s? Eighteen percent interest again? Time will tell.
Of course we’ve already seen forms of inflation here in the ag economy the last few years. How have land values been doing in your neck of the woods? Bet they haven’t exactly been going down since 2007. I don’t compile auction prices on land sales like I do for equipment, but I do always try to ask my auctioneer contacts around the country what ground has been going for in their area.
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