investment

Agriculture/Harvest Public Media
7:13 am
Tue November 13, 2012

Corn Belt Farmland: The Newest Real Estate Bubble?

This field is part of a 160-acre tract in Saline County, Mo., that sold for $10,700 last year. Now this land is selling for around $13,000.
Credit Abbie Fentress Swanson / Harvest Public Media

Howard Audsley has been driving through Missouri for the past 30 years to assess the value of farmland. Barreling down the flat roads of Saline County on a recent day, he stopped his truck at a 160-acre tract of newly tilled black land. The land sold in February for $10,700 per acre, double what it would have gone for five years ago.

Heading out into the field, Audsley picked up a clod of the dirt that makes this pocket of land some of the priciest in the state.

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