American Farmland Prices Are Going Bonkers

02-13-2013 • Business Insider

This is according to bankers surveyed in the latest report from the Kansas City Fed.

Farm income and land values were boosted by high crop prices and high crop insurance payments. In North and South Dakota, land lease revenue increased thanks to the region's energy deposits.

Bankers in the Corn Belt and Central Plains reported strong annual increases. Meanwhile in Texas, where growing conditions were poor, farmland values increased a modest 2.6 percent year-over-year.

For 2013, they continue to expect farmland values to stay elevated.

Here's a look at how non-irrigated farmland values increased in the third quarter:

2 Comments in Response to American Farmland Prices Are Going Bonkers

Comment by PureTrust

Entered on: 2/14/2013 8:16:29 PM

One of the biggest tricks that the bankers have used for thousands of years is tricking people into using the terms "buy" and "sell." They tricked us so well way back, that we don't even realize, anymore, that there isn't any such thing as buy and sell. It's all "trade."

If we focused on the term "trade" in all of our transactions, we just might come to realize that money is simply a trading medium. The person who focuses on the value of the things being traded rather than the value of the trading medium, will be way ahead from the start.

Comment by Powell Gammill

Entered on: 2/13/2013 6:15:05 PM

The Chinese have to buy something with their soon to be worthless US dollars.

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