With land prices as high as we have seen in our lifetime there are a few key factors that should be considered.
#1 Current financial position – Are you flush with cash or will you be taking out a loan?
#2 Land Valuations – Where do you think land values will go in the next 1-3-5 years?
#3 Interest Rates – Where are they headed and what is the prospect of borrowing today vs 2 years from now.
Read more on this subject in the April edition of Corn & Soybean Digest –