“The Land Market Has Never Been Stronger”

June 27, 2008 by Eric OKeefe

So says Mac Boyd, a broker at Farmers National in Arcola, Illinois. Boyd is just one of the many veteran real estate professionals who are closely monitoring the strongest farmland market in decades. Farm Credit Services of America estimates that demand for commodities has driven up rural land prices in the Wheat and Corn Belts from 78 to 200 percent. “It’s just crazy out there right now,” said Boyd. Get the whole story, including which major funds are capitalizing on these gains, in this detailed report from Bloomberg News.