A year ago, land prices were rising to shocking levels. But this year, the stories of high-priced land sales have quieted some. A conversation with Sterling Liddell, vice president with Rabo AgriFinance, explains why. He says the high price increases made farmland buyers cautious because prices went too high, too fast. And now the drought has added to the caution. But in his opinion, farmland should continue to increase in value, just not at last year’s heady pace. “Farmers are starting to reconsider if they will pay that much for land,” he adds....
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