Farmland Prices and Capitalization Rates Edge Lower
by Brent Gloy [audio mp3="/wp-content/uploads/2016/06/Gloy6-24.mp3"][/audio] Numerous farmland surveys (Iowa State, KC Fed, Chicago Fed, Purdue) now seem to be clearly indicating what many had expected for some time, farmland values are heading lower. This is not surprising given how sharply farm incomes have fallen. As…