Can you say Farmland bubble! Harold Smith 10/16/2012 @ 3:59pm The people who are paying these prices are going to get hurt really bad financially. I don't think our government should bail them out either - its their own fault for paying 30 - 40 times the average annual return to land. Very foolish indeed, but its all propped up by FCS who will loan huge amounts of money to any farmer with a pulse. Farmers around here are borrowing their brains out to buy land. I keep reading in the trade publications that these are all cash deals. I don't believe it based on what I see around here people are stretching and theirs lot's of debt piling up right now as farmers borrow heavily to chase overpriced land. What's the floor after this bubble pops? If interest rates go up just 200-300 bps we're talking at least $1K an acre loss in value. Farm margins are getting squeezed, RFS is under attack, huge grain supply increases in SA, decreased farm subsidies, what could go wrong?

brent guess 10/09/2012 @ 2:17pm You must not be doing it right! Chad

Dumb chad borman 10/08/2012 @ 9:52pm Really dumb to pay that much anyone who does I hope they fail badly.