The economy, interest rates and input costs were part of the conversation at last week’s Ag Credit Conference in Bismarck. One of the speakers, Virginia Tech Professor Emeritus Dr. David Kohl said agriculture is experiencing what he calls ‘a triple play’. “For the first time since the early 1980’s, farmers are having to manage prices, inflated costs and interest rates all at the same time.” In Kohl’s view, farmland prices have been rising due to baby boomers using land as an investment. “It’s Patsy Cline crazy. I tell people we will not have another farm crisis unless farmland values collapse.”
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