Duffy, Michael

July 2011

Robust farm incomes have spurred farmland values to their strongest levels since the 1970s. Despite strong farmer and investor demand, most land owners, especially aging farmers are reluctant to sell farmland. Generally, current land economic fundamentals are strong and highly volatile market conditions will influence farmland values and farm ownership trends.

JEL Classification: Q, Q15

Keywords: Farmland values, farmland ownership, speculative bubble, land purchases

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