These notes are taken from the High Plains Journal.
State of Agriculture
-Watch Asia and especially China. Strong growth (10%+) can drive commodities while slower growth (3%) will negatively impact oil/commodity prices.
-87% of farm debt is real estate. Watch your liquidity closely.
-Real estate growth has hidden a lot of sins.
-Real estate has appreciated 80 of the last 100 years.
-Target a :50/:50 debt to asset ratio.
