sac whilst I largely agree I also am respectful of how an environment with little spare credit can also affect land valuations particularly when farmers are generally in debt to their eyeballs and global wealth levels have taken and will continue to take an absolute pummelling. A subprime is brewing in the farm sector namely because credit markets have turned oh so ugly and it certainly hasn't helped that food commodities have tanked.
Agricultural output has in recent times been all about leveraging off your land values to buy the inputs necessary to produce a crop. Credit markets are telling us this is no longer sustainable because lenders have shut the gates on almost everything now.
I have put a lot of thought into this also and I think your theory only holds for smaller land holdings where a still steady flow of capital is heading to actually corner an affordable self sufficient lifestyle. Lets say 100 acre lots (~100K-200K) would be a good investment depending on water assets and soil etc. Land parcels where you don't need to have won lotto to be able to invest in a tree change if you win.
