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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