farmland index: Commercial Real Estate: U.S. seeing a boom in Agriculture / Farm Land - 09/18/12 10:19 AM
According to the U.S. Department of Agriculture; Following last years rise in commodity prices, we began to see an increased demand in farm land as Farmers, institutions, and private investors began to bid up prices to record highs.
In addition to the rapid increase in food prices, the agricultural market is also being driven up due to a lack of inventory as most farmland owners are reluctant to sell.
Even though prices have jumped over the last few years (especially in the mid-west), the evidence suggests that we still have a long ways to go before we begin to see the pace … (0 comments)