U.S. Farmland Prices Fall $10 an Acre in First Drop Since 2009

Updated on
  • Corn Belt states fall as corn, soybean prices extend slump
  • ‘It’s going to be soft for another year,’ economist says

U.S. farmland values in 2016 dropped for just the second time in almost three decades after grain and soybean prices extended a slump, eroding grower profit and capping a decade-long boom when land costs jumped 65%.

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