Anyone Nervous? NBC Shines Spotlight on High Iowa Farmland Prices
Jan 11, 2012
Mike Walsten
The general media is spending more time talking about high farmland prices. Part of it is a result of all the media attention on Iowa due to the recent caucus coupled with the sale last November of 74 acres near Hull, Iowa, that brought $20,000 an acre. (Click here for story.) Result: National media attention. The old market watcher in me says that when the national media finds a market story, the move is nearly over.
I don't know if that's the case here. But this sure makes me nervous.
Here's the most recent example. It's a report on NBC's evening news magazine, Rock Center. The seven-plus minute report is titled "Field$ of Dream$." That name alone gives me pause.
Watch the 7-minute clip.
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