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Farmland

Is the Current Farm Prosperity Sustainable? What to Watch

Many are asking whether the current prosperity in farming is sustainable. The answer is not obvious, but the following “what to watch” list might provide a useful perspective to answer this question.

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2012 Indiana’s Farmland Market Continues Moving Higher

While Indiana crops are suffering from the worst drought since 1988, the weather is not the only thing that has been hot. Robust net farm incomes, favorable interest rates, strong farmland demand, and a limited supply of farmland for sale kept Indiana farmland values and cash rents moving higher. The June 2012 Purdue Farmland Value…

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When Do Farm Booms Become Bubbles? (Transcript)

Moderator: Jason Henderson
Vice President and Omaha Branch Executive
Federal Reserve Bank of Kansas City

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When Do Farm Booms Become Bubbles? (Remarks)

I want to talk today very briefly or concisely about “when do farm booms become bubbles?” We’ll start by reinforcing the idea we just heard that agriculture’s history has some remarkable periods of booms and busts in it. Part of that can be explained by the heavy capital intensity of the agricultural economy.

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When Do Farm Booms Become Bubbles? (Manuscript)

Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports.

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When Do Farm Booms Become Bubbles?

Federal Reserve Bank of Kansas City Symposium, July 16-17, 2012 – Session 1: When Do Farm Booms Become Bubbles? | Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports.

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Farmland Values – Will the Boom Turn Bust?

Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports. As in previous eras, today’s agricultural boom has been fueled by increases in export demand. A key difference however, is the dramatic increase in domestic demand associated with the use of biofuels.

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Farmland Values: Perspectives from the Field

After the weather, farmland values might well be the second most popular topic of conversation among farmers. Those with more than 30 years of experience in farming likely remember the 1980s with clarity.

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Is the Current Farm Prosperity Sustainable?

Agriculture is a notoriously cyclical industry, and is now experiencing one of its “boom” times. Given agriculture’s previous boom and bust cycles, it is logical to ask what might be different this time – will today’s robust incomes and wealth continue and what are the consequences if they do not?

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2011 Indiana Farmland Market Continues to Sizzle

 Introduction  For Indiana farmland values, it seems that history may be repeating itself. Just like the early 1970s, strong grain prices, robust net farm incomes, favorable interest rates, competitive farmland demand, and a limited supply of farmland offered to the market provides the environment for a strong increase in farmland values. The 2011 Purdue Farmland…

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