Another Bubble Pops: Price Of Farmland Suffers First Annual Decline Since 1986

Saturday, February 14, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/13/2015

One of the bigger asset bubbles in recent US history has nothing to do with stock, bonds or commodities, We are talking about farmland. And yet, like all other bubbles – be they the result of retail euphoria or central bank rigging – this one too must come to a close, and as the WSJ reports, the first crack in the farmland bubble are appearing, after farmland values declined in parts of the Midwest for the first time in decades last year “reflecting a cooling in the market driven by two years of bumper crops and sharply lower grain prices, according to Federal Reserve reports on Thursday.” the average price of farmland in the Federal Reserve Bank of Chicago’s district, which includes Illinois, Iowa and other big farm states, fell 3% in 2014, marking the first annual decline since 1986, which makes farmlands the only asset class that had not seen a down year in nearly three decades!

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