Posted 5/12/2024 06:19 (#10737354 - in reply to #10736950) Subject: RE: Corn Average Price Received by US Farmers 1866-2024
FWIW
This is more related to the land price discussions below, but includes a different look at crop prices. Attached is a chart that gives a different perspective on land values. Since gold is often considered an inflation hedge, the chart is a historical price of Iowa land in gold ounces. Prices are not adjusted for inflation. Gold is the inflation adjustment. Iowa land is a weighted average price for all grades. All prices, except land, are average closing price for the year, not the marketing year for the crop. Yield increase is not considered, only price.
(Side note: I heard of a San Francisco resident who wanted to pay for a Nebraska farm in gold instead of converting to dollars, not first hand but close second.)
Corn Average Price Received by US Farmers 1866-2024
