Saturday, August 20, 2011

Farmland prices are setting records

Farmland prices are setting records and farmer incomes have been buoyed by exports and biofuels, easing the pain of some rough summer weather from drought, floods and fires.

The Chicago Federal Reserve Bank on Wednesday said farmland prices in the Midwest in the second quarter were up 17 percent from a year ago -- the biggest jump in 34 years.

Via Reuters

Jim Rogers, Micheal Burry prove themselves right once again.

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