Here is another piece out of Texas about rising farmland prices, or at least how no one wants to sell.
Our Morgan County property has probably 80-90 acres of pasture, which is great for hay and grazing. Hay prices are high because so many farmers are putting former pastures or fallow land into corn to take advantage of record corn prices, which are being driven by world demand for ethanol fuel -- which is produced by (you guessed it) corn.
Nevertheless, an interesting article showing how farmland prices across the nation are not just stabilizing, but going up.
Our Morgan County property has probably 80-90 acres of pasture, which is great for hay and grazing. Hay prices are high because so many farmers are putting former pastures or fallow land into corn to take advantage of record corn prices, which are being driven by world demand for ethanol fuel -- which is produced by (you guessed it) corn.
Nevertheless, an interesting article showing how farmland prices across the nation are not just stabilizing, but going up.
No comments:
Post a Comment