FARM BUSINESS NEWS
Farmland Not Ready to Retreat
Marcia Zarley Taylor DTN Executive Editor
Thu Jan 10, 2013 11:50 AM CST

AUSTIN, Texas (DTN) -- The standard advice for mountain climbers is not to look down. But it is hard to stay calm if you've watched the trajectory of U.S. farmland since the turn of the century -- up at least 300% on average since 2000 in much of the Midwest and showing no sign of even pausing in early 2013.

In the first week of January, 373 acres in central Iowa with no commercial development potential commanded $17,000 per acre -- more than $3,600/acre above a veteran appraiser's expectations and 70% above the county's average just last November. The farm ...

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