Sometimes it feels like watching a train wreck in slow motion. Agricultural land prices soar in the Midwest up 25% from last year. Maybe you might want to consider selling your farmland now and buying back in when it eventually crashes.
Does it feel like Deja-Vu to you? Do you think we might have an idea what is going to eventually happen? Yet, when it does we all look around and act surprised and try to find someone to blame.
NEW YORK (CNNMoney) — Agricultural land value is soaring in the Midwest, with parts of the region surging 25% from last year, according to two recent Federal Reserve surveys. The jump is the highest increase in three decades.
- Farmland prices in the Midwest soar (money.cnn.com)
- Agricultural Land Prices Soar (economistsoutlook.blogs.realtor.org)
- The farmland bubble in the Midwest appears to be letting some air out. The 10-state, nonmetro index, buoyed by high grain prices and good crop yields, has been in the growth zone for eight straight months. [But] the survey’s farmland price index for June (businessinsider.com)