LandThink Community: Farmland Bubbles - Myths To Be Popped - LandThink Community

Here is an excellent breakdown of the the last several years in the farmland market. The bubble topic is still floating around when it comes to farmland.

LORANDA GROUP: KEY FACTORS UNDERLYING 2012 FARMLAND PRICES, SALES

The best take away from this brief review is
"rapid increase in farmland values has been driven by profits and not speculation"

And as most everyone agrees they conclude that prices will start to level off. When do you think that will be? Only when commodities markets correct? That may be already happening as many posts are coming up that farm income for 2012 is already projected down from 2011. If you were the agriculture economist for the day what do you predict?