During the Potato Business Summit, Rabo AgriFinance Senior Grain and Oilseed Analyst Steve Nicholson told attendees the current farm economic situation looks like the 1990s, not the 1980s. “When you think about the 1990s, prices were in a somewhat narrow band. We had excitement about China buying corn or weather issues, but they were fairly minor,” explained Nicholson. “Land prices in the 1990s went up a little bit, because there was still interest and margins. Today, we expect land prices to stay very well supported. There was also good government support in the 1990s and think about what’s happening in the last two years with the Market Facilitation Program.” Nicholson said interest rates are lower today than the 1990s.
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