LAND MANAGEMENT NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Wed Nov 21, 2012 07:04 AM CST

HADDONFIELD, N.J. (DTN) -- Bubble watchers continue to debate whether farmland's extraordinary 10-year returns mean a collapse is imminent, or even whether it could replicate the depths of the 1980s credit crisis.

So far, the bull market in farmland has shown little signs of pausing: The winning bidder in McLean and Ford County, Ill., auction last week paid $8.2 million for 750 acres, or $10,947 per acre. Iowa farmers have paid $15,000 to $20,000 for small auction parcels in recent weeks, and even some counties in North and South Dakota have crossed the $10,000-an-acre threshold.

Over the last decade, farmland ...

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