Farmland and Markets

I think this is a very good indication that for the long-term, agriculture is gaining rising prominence:

"Our own feeling is that gold and oil are a rare species of investments that ought to be bought on dips and, just to show how magnanimous we are, you can put farmland in that treasured category as well." bold added

Abelson, Alan, 2011. Crude awakening. Barron's, Feb. 26.

I sometimes wonder if a different general model is needed for the buying and selling of farmland. My view is that the market is perhaps not very efficient and dominated by local interests such as community banks. Of course the Federal government has its hand in the matter through various means of financing.

Perhaps a national market will evolved for trading farmland based on a wider number of factors including accepted measures of soil fertility. With the Internet, I think many things are possible in this area.

I will have more to write about this thought soon.