Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
Thursday, December 08, 2011
$20000 an Acre
Is there anyone who doesn't think this is a bubble? (Someone paid $20,000 an acre for Iowa farmland.) I'll admit it's possible that the bubble's bursting won't be like the early 1980's, but still. The Kansas City FRB weighs in.