Expect another bubble in mid-late 2011, but this time in the heart of america – our farms and our breadbasket. Over the past decade the prices of farmland has been steady rising. This year, due to failed crops in Russia, prices are at a nice high – but its not going to last. Because of the increased profits, farmers are spending more money, buying more equipment, and a lot of them are going deeper into debt. All backed by the banks. Article 1 – Analysis: In Midwest, a farmland bubble may be growing Here is the problem, the currently high wheat and corn prices are being fueled by crop failures in Russia. Putin also signed an order blocking all grain exports until July 2011. Article Continue Reading….
Tag: 2011 bubble
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