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Land Resources / News / Minnesota
Farmland prices soar with cash crop profits
Source: faribault.com, by Jaci Smith
The price of farmland in the Upper Midwest begins the new year at record levels, with no sign of a peak yet. High grain prices are giving farmers lots of cash and they’re spending it on their favorite asset. January 08, 2011 In Rice County, farmland hovers around $6,250-$6,750 an acre, up 10 percent from the same time last year, according to Farryl Kluis, an accredited farmland appraiser and a farm manager with Hoysler Real Estate in Faribault.
Read the complete article from faribault.com » |
