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Farmland prices: Is the bubble about to burst?
March 24, 2013 /
Record-high prices for corn, soybeans, wheat and other commodities have left growers flush with cash to purchase more land. And what the farmers don’t pay for out of their own pockets, historically low interest rates provide them with easy and cheap access to money to close the deal.
The favorable mix of both cash and credit has provided fuel to drive up land values across the Midwest, stoking fears of a bubble ready to burst.
Christopher Doering, Gannett Washington Bureau
Full Story: http://www.usatoday.com/story/money/business/2013/03/24/farm-land-prices-bubble/2013451/
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