April 2, 2019
Wendong Zhang, assistant professor, was interviewed for a March 30 Star Tribune story, "Farmland prices reach historic highs in Upper Midwest."
The key reason prices are staying high is that supply is limited, said Zhang, the Iowa State economist. In Iowa, of a possible 30 million acres of farmland, only 200,000 acres changed hands in 2018, or just over half of 1 percent.
“There’s not a lot of land to buy,” he said.
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