Is farmland the next bubble?

High grain prices are rapidly driving up the cost of agricultural land, but some experts are warning we might just be watching the next real estate bubble in the making.
Author:
Publish date:

High grain prices are rapidly driving up the cost of agricultural land, but some experts are warning we might just be watching the next real estate bubble in the making.

Next Up

Related

Is an ethanol bubble fueling a farm boom?

In less than a decade, the fuel has gone from consuming 10 percent to 40 percent of the country's total grain crop. And agriculture experts tell Reuters that's likely a major driver behind rising corn prices, land prices and farm income.

Don Shelby and Ron Whitehouse

SHELBY SHARES: Is this the next big ... thing?

Ron Whitehouse of Plymouth, Minn., has a track record for seeing the future for certain products. Now he's got a new idea for a sustainable building material made of polylactic acid and plant materials, including leaves and nut shells.

Urban Transformation: Is it sustainable?

The coming together of people in a city drives industry growth, creating jobs and reducing poverty. But there can be a dark side: sprawling slums, energy hogs and the production of 70 percent of green house gas emissions.

Minnesota's tallest building for sale

The iconic IDS Center in downtown Minneapolis is about to hit the market, the Minneapolis St. Paul Business Journal reports. Inland American Real Estate Trust Inc. has put the 40-year-old 57-story tower for sale without an asking price.

Edina Realty closes the door on Realtor.com

The Minnesota-based real estate company says listings from the national portal will be removed within 10 days. In November, Edina Realty announced it would no longer send listings to third-party real estate websites that aren't controlled by real estate brokerages.

Analysts: Gas prices to continue to rise in Twin Cities

Experts predict the cost of a gallon of fuel in the Twin Cities will continue to rise over the next few weeks. The average price of gas in the metro jumped more than 10 cents in the past week -- averaging $3.55 per gallon. That's higher than the national average.