Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (403594)	4/28/2010 8:03:24 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 436258

.....I hear Canada is paradise, they got beer.<g> It's a shitty deal but someone has to buy something?<g> LOL...seize the day

To: Real Man who wrote (403594)	4/28/2010 2:39:17 PM
From: DebtBomb	Respond to of 436258

Everyone Wants Security, As Farmland Prices Go Parabolic Earlier this year and late last year, there was a steady drumbeat of investment gurus telling you to "buy farmland" as a protection against war, inflation, and whatever else. It seems investors have taken the message to heart. The price of high quality farmland is now generally in the rage of $5,500 - $7,000 per acre in Iowa and $6,200 - $7,500 in Illinois. "There was a dramatic jump in the last 60 days," says Loyd Brown, the president of Hertz Farm Management. He says land prices have been rising since 2009, but the biggest increase has occurred in the last 2 months. Brown sells land to farmers, investors and investment firms. He noticed there was a steady and significant jump when, in a sequence of three auctions he held, land prices jumped up $500 per acre for top quality land. Most of the buyers are farmers, around 60%-70% of the market, he says. The rest are investment firms and individuals. “Individual investors usually have a background in farming," he says. He thinks prices are increasing because of low interest rates, the lack of good alternative investments and because a lot of people want tangible, conservative assets. "A lot of people just like buying something that produces food, fiber and fuel," he said. The influx of new buyers and financially strong farmer buyers have driven high quality land prices back to their peak price, which Brown says was in July 2008. Medium quality and lower quality farmland is still selling for 5 to 10 percent less than in July 2008. Read more: businessinsider.com businessinsider.com