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Is the farmland ‘bubble’ ready to burst?

One of the nation’s chief banking regulators warns that U.S. farmland could be the next asset bubble at risk for bursting. The chairman of the Federal Deposit Insurance Corporation, Sheila Bair, says that farmland values should be closely monitored for signs of instability.  She says a sharp decline in farmland prices similar to the early 1980’s could have a severe adverse impact on the nation’s nearly 16-hundred farm banks. The head of one of the nation’s largest farm management and real estate firms, Farmers National Company, says he understands those concerns.  But Jim Farrell tells Brownfield’s Ken Anderson he sees nothing on the immediate horizon to indicate a downturn in farmland values.

AUDIO: Jim Farrell (3 min MP3)

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