April Freeman Banner 2014

IN BRIEF

Across Corn Belt, Farmland Prices Keep Soaring

OCTOBER 23, 2012

“Economists say farmland values are getting a boost from corn and soybean prices, which had reached records highs because of the drought.

Farmers are carrying less debt than they were 30 years ago, and low interest rates are also a factor because they make it less costly for farmers to borrow. The federal crop insurance program also plays a role in keeping farmland prices high, by covering a majority of losses in revenue or crop yields.

Regulators, however, say that despite the continued growth in farmland prices there are reasons to be cautious. Some lenders have reported that a number of farmers are taking out loans based on the current value of their land to take advantage of the farmland boom.” (New York Times)

If it’s a bubble, Farm Aid becomes a federal department. If it’s not, farm subsidies continue anyway. Almost as good a gig as driving an investment bank into the ground.

FEE Timely Classics

U.S. Agricultural Programs: Who Pays?” by E. C. Pasour, Jr.

Farm Land and the Free Market” by Kelly Ross

The Farm Problem and Government Farm Programs” by E. C. Pasour, Jr.

comments powered by Disqus

EMAIL UPDATES

* indicates required
Sign me up for...

CURRENT ISSUE

April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION