The Tuesday HOT TAKE
September 26
What’s HOT & What’s NOT
Too HOT to handle
Get a load of this one:
As crazy as it may appear, that isn’t a typo.
115 acres of west-central Missouri farm ground went for an eye-watering $34,800 an acre last week, smashing the previous all-time high of $30,000 set last November in Iowa.
Bidding for the Saline County tract started at $15,000 and lasted a mere fifteen minutes, as two local producers got into a bidding war, running the price to record heights.
Needless to say, $34,800 an acre doesn’t pencil with sub-$5 corn. Not sure it would pencil with $8 corn either!
For more, check out Jim’s comments via AgWeb HERE.
3…2…1… blastoff!
It’s a good time to be in the ethanol business:
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