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"Demand for ethanol helps fuel 23% rise in ag property prices"...

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Real Estate Agent with NP DODGE Real Estate
 The Omaha World Herald in the Business Section has a interesting article on the Farmland values that are up. "Farmland values in Nebraska increased 23 percent from 2007 to 2008, the largest jump in the 30 years that the University of Nebraska-Lincoln has conducted the annual survey."  "Corn demand from the rapidly growing ethanol industry in the state fueled prosperous returns across the corn-producing areas of the state,"
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Staci Wolff
eXp Realty - McHenry, IL
Thats some interesting information.  At least some piece of the market is experiencing growth!
Mar 21, 2008 02:40 AM
Summit Realty Group
Summit Realty Group- The Future of Real Estate Today! - Highlands Ranch, CO

 

See there are some areas that are increasing in price. Thanks for the article.

Mar 21, 2008 02:47 AM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate
Forget about the tortillas.  The real issue here is that farmers are growing more corn and less other crops.  The result is an increase in prices of soy, wheat, and most importantly hops!  Increases in the price of hops have already produced 10-20% increases in the price of beer in countries such as Belgium.  Wait til it happens here.  Talk about Depression!!
Mar 22, 2008 05:09 PM