U.S. monetary policy is expected to tighten in the year ahead. Despite that, Advance Trading Risk Management Advisor Tommy Grisafi says the economy has been resilient. “Never in the history of the world have we had an experiment like this where we had COVID-type environment trying to keep people healthy and still do our jobs and live our life,” said Grisafi. “There’s an amazing amount of money out there. As we finish up the year, the Dow is up 30,000, grains are at a high price and interest rates are record low.” In the debut edition of ‘The Bull Pen,’ Grisafi said the current outlook is positive for farmland and commodities.”Grandma’s $100,000 CD in realy buying power is only worth $80,000 after 2021 and possibly 2022. Money is looking for a home and it looks like commodities and land is a benificiary to that.” This full interview with Grisafi can be found on the Red River Farm Network YouTube channel, Facebook and Twitter.
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