Thursday, March 31, 2011

Inflation Adjusted Farmland Values Chart

This was Bloomberg's chart-of-the-day last week, to coincide with the story of Robert Shiller predicting a farmland price bubble. Note that the graph uses Chicago Federal Reserve bank data which includes the states of Illinois, Iowa, Indiana, Michigan and Wisconsin. The chart shows that in inflation-adjusted prices, we have yet to reach valuations of the 70's bubble.

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