NEWS
The Down Side
Victoria G. Myers Progressive Farmer Senior Editor
Fri Oct 25, 2013 04:37 PM CDT

Farmland prices the giddy swore were forever -- and the contrarians described as a bubble on the verge of popping -- are finally at a shifting point. This is not some real estate bubble set to explode and send agriculture into a downward spiral, like that of the 1980s. It's more like a balloon with a small leak drifting lower bit by bit, with occasional bobs of opportunity.

John Kurtz expresses it best: "It used to be you could take $5 million and buy any row-crop land, and you'd look pretty smart. Maybe you'd buy it at $5,000 and now ...

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