Farmland market cooling, but no collapse expected
The market for Iowa farmland is showing clear signs of cooling after a decade of sharp price increases. But Mike Duffy, an Iowa State University (ISU) Extension economist who has monitored farmland prices for decades, doesn’t foresee a bursting bubble followed by a free fall in land prices similar to ones that occurred in the farm crisis years of the 1980s or an earlier bust in the 1920s.
"I don’t think a collapse is a high probability," Duffy wrote recently in an article on ISU’s Ag Decision Maker website.
While recent farmland price increases have ...
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