Friday, November 09, 2007

Skyrocketing cropland prices shackle some farmers

Average cropland values in the U.S. rose by 13 percent to $2,700 per acre this year, up from $2,390 last year, according to the Department of Agriculture. In Ohio, the price jumped 10.7 percent, to $3,920 an acre.

The increasing value of cropland is being fueled by higher prices for commodities such as soybeans, wheat and corn, which is getting an extra bump by the popularity of the corn-based fuel additive ethanol.

To read this full article, click HERE.

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