Wheat cent - a penny thought

Five years ago I identified this as the most likely scenario for the next decade and moved to the wheat country (Colorado Eastern Plains) shortly thereafter. Under every scenario I can imagine for the next decade (short of Socialism), productive wheat farm ground bought to currently yield at least 3% after expenses will be a good and defensive investment.

I have also used the opportunity presented by the market rally of the past two months to reduce my total stock market exposure to about 40%. I am no Oracle and have no idea when the present rally will run out of steam, but it certainly looks like it has further to run, perhaps till the end of the year. If it does, I will utilize this strength to reduce my stock market exposure down to around 30%.

Lower level exposure to stocks should allow me to continue spending less time on stocks and more time on farming. I hope I am right and good luck to all of us!

Congrats, you are doing what many of us could never do, actually go and farm the real stuff. Most of us will just end up owning a few futures contracts.

My actual practical farming knowledge is still extremely limited. Crop sharing is how I get the actual farm work done now, but I am reading, talking to farmers, experimenting and learning along the way.

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