Prices of Crops, Land, Food Continue to Rise; Cause Farm Land Price to Bubble

Prices for crop land have zoomed up in the past few years as commodity and food prices have risen. A similar pattern occurred in the 1980s and then farm prices crashed, forcing many producers into bankruptcy. Marcia Zarley Taylor, a Philadelphia Society for Promoting Agriculture member who writes for DTN/Progressive Farmer says that more than half of her readers think we are headed for a land price “apocalypse” similar to the bursting of the housing bubble in the U.S. in 2008. Click here to read the full article. Taylor knows of what she speaks since she won the Oscar in Agriculture award for her coverage of the 1980’s crisis and the near-collapse of the Farm Credit System that followed.