Wednesday, March 20, 2013

Report: Stamp Farms bankruptcy cited in New York Times cautionary tale of surging farmland prices

Report: Stamp Farms bankruptcy cited in New York Times cautionary tale of surging farmland prices | MLive.com:
"According to the story, debt held by the nation’s farmers has risen nearly 30 percent since 2007, to an expected $277.4 billion this year, with most loans made by commercial banks, the farm credit system and the Farm Service Agency.
As prices for farmland soar, and farmers compete to buy and rent land, economists fear a collapse similar to the housing marker collapse if crop prices fall."

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