Why
the Price of US Farmland Is Soaring
"Across
the nation’s Corn Belt, even as the worst drought in more than 50
years has destroyed what was expected to be a record corn crop and
reduced yields to their lowest level in 17 years, farmland prices have
continued to rise. From Nebraska to Illinois, farmers seeking more
land to plant and outside investors looking for a better long-term
investment than stocks and bonds continue to buy farmland, taking
advantage of low interest rates.
And
despite a few warnings from bankers, the farmland boom shows no signs
of slowing. Almost every year since 2005, except during the start of
the recession in 2008, agriculture land prices have posted
double-digit gains. In the same period, the Standard & Poor’s
500-stock index has had double-digit gains in only three of those
years."
For
article GO HERE
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