Debt Rattle October 16 2015
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Alfred Palmer White Motor Company, Cleveland 1941 • Corporate America’s Epic Debt Binge Leaves $119 Billion Hangover (Bloomberg) • The Economic Doomsd
[See the full post at: Debt Rattle October 16 2015]Ilargi – I would really like to see some authoritative numbers and graphs on how much Wall Street money has been diverted into farm land, purely as an investment (since oil futures suck so loud) – and what the trends there are over time.
I know it’s going on; I know local land prices have been affected- but – is anybody really keeping track over all?
Greenpa, haven’t come across any stats on the topic lately. I also think lots of these deals would run through ”shell” companies.
Re: Farmland investment
The WSJ reports,
“The market often is opaque and hyperlocal, professional investors say, with deals sealed privately in rural cafes or in small-town auctions, unlike more structured asset classes including residential or commercial real estate. Farmland sales and price data also are far more limited than in other real-estate segments…”
https://www.wsj.com/articles/farmland-investments-take-root-1438661041Some clues:
Most of the U.S. Rented Farmland is Owned by Non-Farmers
WASHINGTON, Aug 31, 2015 –Agricultural producers rented and farmed 353.8 million acres of farmland, according to the results of the 2014 Tenure, Ownership, and Transition of Agricultural Land (TOTAL) survey results released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Of these acres, 80 percent are owned by non-farming landlords…” [including 32 million acres owned by corporations]https://www.agcensus.usda.gov/Newsroom/2015/08_31_2015.php
https://www.agcensus.usda.gov/Newsroom/2015/TOTAL%20Infographic.jpg
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