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| Part of what is going on is the volume of land sales has slowed. This reduced supply increases demand for each piece of land that comes to sale. Mike Walsten (editor Pro Farmer Land Newsletter) talked about this on Monday with Chip Flory on his radio show.
IA and IL land prices have held up pretty well despite low crop prices. Income has held up pretty well with the large yields for both corn and beans in 2016. | |
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