U.S. Farmland Prices May Fall in 2014, Economist Says
This article is for subscribers only.
U.S. farmland values at a “tipping point” may fall as much as 10 percent in 2014 as commodity prices ease, according to Terry Kastens, agricultural economist emeritus at Kansas State University.
Rising global crop output and stable renewable-fuel standards are “leading to a flattening in commodity prices,” Kastens, based in Atwood, Kansas, said in a telephone interview.