An Emerging Bubble In Farm Land

March 4, 2011 at 9:01 am  ·  Category: Commodities, Inflation

It’s getting scary.

– Mike Green, Real Estate Auctioneer who auctions farms in Iowa

iowa-farmland-price-acre-chart

Source: “In Price of Farmland, Echoes Of Another Boom”, The New York Times, March 4, B1.

Prediction: Crop prices will fall and interest rates rise causing a farm bust in the next few years.

Why isn’t this obvious?

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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