Tag Archives: Economists Fear Farmland Bubble

Many owners of farm land are scrambling to sell to both investors and farmers who have benefitted from recent high crop prices. But analysts warn that the boom-and-bust cycle of farming cannot sustain this surge. The New York Times reports that, despite the state’s drought, Iowa farmland prices have nearly doubled since 2009, far surpassing the last boom’s peak in 1979. The price of irrigated land in Nebraska has similarly doubled since 2009. However, with forecasters predicting the price of corn to fall, many predict that the price of farmland […]