The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
The lure of farmland has even caught the attention of Time Magazine (click here). I don't know whether that's a good thing or a bad thing. Usually when we see something about ag markets being written about in the consumer media, it hints the end may be near for the move. Could that be the case here? Don't know. We've sure seen plenty of stories in the consumer media in recent years and farmland values continue to rise -- driven by rising farm profits. When profits slide, the rise in farmland values will end, too. So far, profit prospects look very promising. That's based on what we know today and assuming there's no global economic meltdown prompted by a Greek/Euro contagion.
Check out the story, "America's Hottest Investment; Farmland," yourself here.
And here's an interesting item about Ukraine opening up the sale of farmland but deciding not to let foreign investors in.
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