American Farmland Prices: A Bubble?
DOI:
https://doi.org/10.33423/jabe.v22i10.3722Keywords:
Business, Economics, American, FarmlandAbstract
American farmland value may be substantially dictated by potential for agricultural production. However, as is the case for most classes of real estate, it is also perceived as a conservative investment that could act as a stable store of value in uncertain economic times. Some investors seek farmland as an investment believed to be a hedge against inflation. Others desire a physical asset that would maintain value in the event that paper (or digital) assets were to become undesirable. There has been a constant pattern of increasing farmland values for more than 30 years. As this pattern has continued regardless of agricultural profitability and varied economic conditions, current American farmland values may constitute a bubble.
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Published
2020-12-12
How to Cite
Fisher, H. E. (2020). American Farmland Prices: A Bubble?. Journal of Applied Business and Economics, 22(10). https://doi.org/10.33423/jabe.v22i10.3722
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