Brian Gongol
FDIC and Federal Reserve officials think Midwestern farmland is in an asset bubble
And it's hard not to see it the same way as they do -- prices have gone up dramatically and quickly, with the fundamental demand behind those prices being driven by highly volatile crop prices and unnaturally low interest rates. It's hard not to worry. Oil prices above $100 a barrel are naturally going to drive demand for corn to produce ethanol and soybeans to produce biodiesel, but high oil prices also make a lot of input prices much more expensive for farmers, too -- like the fuel they need to deliver those commodities to market, and the fertilizer used to improve crop yields. Commodities are a very difficult marketplace from which to make a lot of consistent profits.
Even the all-knowing, all-seeing Google makes mistakes
Like inventing an Interstate 136 that goes through southern Nebraska. Trust this website, folks: It's definitely not there. Google Maps has been alerted to the error, so enjoy it while you can.
