NEWS
Farmland Rally Hits Pause
Elizabeth Williams DTN Special Correspondent
Mon Feb 3, 2014 08:23 AM CST

DES MOINES (DTN) -- Professional farmland investor Bruce Rastetter's firm won only four sales out of approximately 400 auctions it attended last year, but the Iowan thinks the tide is turning now. Disappointing 2014 commodity prices may finally curb overly aggressive bidders and give outsiders a fighting chance.

"Overpaying doesn't work for investors," said Rastetter, CEO of the Summit Group and Summit Farms, who personally owns 20,000 acres in Iowa and Nebraska and another 12,000 acres with high-net-worth partners. "But as the market stabilizes or sets back, those who have been patient will be rewarded in the long term."

His ...

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