FARM BUSINESS NEWS
Land Markets Need a Time Out
Marcia Zarley Taylor DTN Executive Editor
Thu Mar 28, 2013 03:28 PM CDT

WEST LAFAYETTE, Ind. (DTN) -- The glory days of a farmland real estate market may not yet be over, but buyers should be growing increasingly cautious, Purdue University economists warned at a farmland seminar here this week. What's more, operators tempted to set land records for the farm next door shouldn't delude themselves by assuming their average land costs will cover up an over-priced purchase.

Farmland prices are disconnected from the fundamentals, Purdue economist Mike Boehlje told a crowd of 100 farmers, realtors and lenders gathered after a daylong land seminar here. "The only question is whether it will be ...

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