May 31, 2011
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Asset Bubble Vs. Credit Bubble

Everywhere one goes in agriculture circles, discussion centers on economic bubbles. With record commodity prices and some people indicating there will be no end to global growth, demand expectations are high. Land sales above $10,000/acre and land rents doubling in the past five years from $200 to $400/acre raise the eyebrow of those on a conservative path....More

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