IPFS News Link • Food
In Midwest, a farmland bubble may be growing
• Reuters"If commodity prices plunge from the current levels and you think they're in a bubble, which I tend to think they are, there is risk" for agricultural banks, said Rochdale Securities analyst Richard Bove.
Grain prices are rising because of demand for grain-fed meat from emerging middle classes in India and China, and crop production problems globally, including a drought in Russia.