What fascinated me is that this structural shift in interest rates may indicate an integral shift in how the stock market functions. We've been accustomed to thinking about the stock market based on more recent history, from 1966 to 1981. Those were the years that most analysts used to compare the expectation for today's market by saying that the market can't keep going much higher because it didn't do that back in 1966 to 1981. My view of the situation was that things were definitely different this time. Agriculture may well come to be recognized as a very important part of our economy in the 21st century.
Farmers are in a free-market system today for the first time in years.
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