Why won’t farmland prices come down to more closely match the lands ability to create income? This was the subject of a post I came across on Facebook last evening. Iowa Farmland Appraiser Jim Rothermich posted a link to an article on AgWeek titled “Why don’t land values match commodity prices more closely” As you can imagine this is something that’s been a topic of discussion lately as farmland prices stay stubbornly high in this current downturn but decisions for purchasing farmland are not based solely on its ability to create income. The article ended with the conclusion that farmland prices remained high and that “it appears to be something different than just a simple supply and demand relationship.”
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