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Falling land values? Watch interest rates
date:Aug 28, 2012
rrently observed in the market. The difference reached $4,537 per acre in 2012, when the capitalized value of $11,337 per acre and farmland price of $6,800, says University of Illinois Extension ag economist Gary Schnitkey. Much of the reason for the high 2012 capitalized value is the low interest rate.
With interest rates at such low levels lately, it's widely accepted that there's one direction for them to go. And now, with the capitalized value of farmland higher than it's been in years, it m

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