NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Mon Apr 29, 2013 04:06 PM CDT

Recently, some readers of my blog have blamed crop insurance as the prime culprit for artificially boosting farmland values. They disagreed with my argument that farm profits--and farmers' universal desire to own the earth they operate--have been the main accelerator. Just to be sure, I went back to college for a second opinion.

For the record, Purdue University Economist Brent Gloy, director of the Center for Commercial Agriculture, tells me that those who blame crop insurance for inflating land markets are "flat out wrong."

Iowa land values have rocketed from about $2,000 to an amazing $8,000 per acre just since ...

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