Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Mon Dec 30, 2013 07:59 PM CST

Evidence seems to point that farmland is at a tipping point. No-sale land auctions are becoming more common. In November, opinion surveys by two of the three Federal Reserve Bank districts reported a dip in values. Ditto a recent Creighton University survey which pegged its farmland value index the lowest in four years.

In fact, Purdue University economists estimate Midwest farmland values could tumble 15% to 25% if corn futures hover near $4.50 and soybeans $11 for the next three years, and interest rates inch up about half a point. That's not a swan dive, but it could wipe out ...

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