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Canuck_2
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The price of farmland

[ Edited ]

Interesting article here about the rising price of farmland in the USA.

Talks of a sale that brought $10,000 an acre.

Is it a new 'bubble'.

 

The surge in prices has been dizzying throughout the Midwest, with double-digit percentage increases last year in Illinois, Indiana, Iowa, Kansas, Minnesota and Nebraska. In parts of Iowa, prices for good farmland rose as much as 23 percent last year, according to the Federal Reserve Bank of Chicago.

Just a few years ago, farmers marveled as land prices began to rise in response to demand for corn to make ethanol. More recently, soaring prices for wheat, corn, soybeans and other crops have driven the increase.

http://www.nytimes.com/2011/03/04/business/04farms.html?_r=2&scp=2&sq=wegner&st=cse

 

 

Knowledge is knowing a tomato is a fruit.
Wisdom is knowing not to put it in a fruit salad.
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