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

By
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,"

Comments (6)

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
Keith Goodman
Keith Goodman - Merced, CA
Great blog. Thank you for that information. We are flooded with deals for biofuel. It is great to know the corn crops grew 23%. That means we will have a great year in this arena. Thanks, Keith
Mar 21, 2008 02:53 AM
Josué E. Silva
Tierra Antigua Realty - Tucson, AZ

Hey man, there is going to be some problems. What about my corn tortillas... the prices will go up! Whether its a good idea or more cost affective I don't know. But if it booms. Corn Tortillas are going to be expensive. Man!

photo

Mar 21, 2008 03:44 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
Jacob Webster
Sagamore Home Mortgage, LLC. - Zionsville, IN
Indiananulls Senior Mortgage Consultant
Great information!  While everything else is going down in values, its kind of weird to hear that something is going up!  Make it a great one!
Mar 24, 2008 04:00 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?