Monday, May 13, 2013

The market bubble you've never heard of

Fortune reports: “….there's apparently a new bubble that few have ever heard about: America's farmlands.
Thanks to higher crop prices, the costs for farmland nationwide have risen rapidly, particularly across the Midwest's Corn Belt. Demand for corn soared as the use of ethanol in the U.S. and abroad has risen. Because higher prices for crops means farmers could make more on their land, many are using their growing profits to buy more land. Investment firms have caught on -- they're buying too….”

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