Max Armstrong shares some insights on the potential of a price balloon for farmland. Land values are up more than 12% according to a report in the New York Times reaching $3,800 per acre. Max offers details from Jason Henderson, dean of agriculture, Purdue University, who discussed details of the factors impacting rising land prices. Rising land prices are also making it challenging for younger farmers to get started.
Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.
Photo: CarbonBrain/iStock/Getty Images Plus