Lately, several of my writing assignments have been in the realm of agricultural journalism. In fact, right now, I'm working on a piece on how injecting soil productivity factors as a multiplier for base land values is causing a rise in property taxes in Indiana.
So it was with interest that I read this piece by Missouri farmer Blake Hurst in the American Enterprise Institute's online magazine asserting that farmland may be our next economic bubble to burst. For all their moment-to-moment concern about weather or crop price fluctuations - or soil productivity factors - farmers have had a good run of it for some time now. They've been investing their spare cash in additional acreage, and its value has been spiking as a result. Hurst is not confident that that can continue in perpetuity.
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