Many farmland purchases made with cash

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By Ken Anderson
Although corn and soybean prices have come down considerably from their summer highs, it doesn’t seem to be slowing the increase in farmland prices.

A recent auction of 74 acres of farm ground in northwest Iowa brought 20-thousand dollars per acre—a new record for the state. The land was purchased by a neighboring farmer.

The high land prices are making some people nervous. But as Iowa State University ag economist Mike Duffy points out, many of the land purchases are still being made with cash rather than credit.

Read more at http://brownfieldagnews.com/2011/12/12/many-farmland-purchases-made-with-cash/
 
 
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