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-- looking for an investment are you in the new economy especially if you missed out on the bull run on the stock market forget about gold base today.
Think about the form.
Steve Brown is live in Chicago what's going on -- Steve good morning.
Well what we're seeing -- farmland prices jumping extraordinarily high and a five state area last year in the midwest we saw farmland value jumped 60% on aggregate in Iowa it was up 20% last year and over the last five years.
And who were the buyers not speculators its other farmers.
Looked at what the other options are a lot of them are saying.
I wanna invest in farmland because I'm getting a better returned there and it also may be sets up my family for.
Having an expanded operation in the future and helps with the livelihood -- my children.
They might not like -- call memorex but there is a lot of money there's a lot of equity in the form marker right now former you're doing really well.
Farmers doing really well nice to hear that sentence yet -- -- away from moment rich farmers.
-- it it is the case or at least a worker with an awful lot of capital and you can -- soybean and corn prices in this of course in the midwest is the heart of -- soybean and corn crops in those prices are near historic highs.
The loan interest are extra extremely low and that's a combination.
That kind of bruise higher farmland prices have a listen.
So we still have relatively strong commodity prices.
Very low interest rates the combination gives you probably land prices that are becoming full what I call fully value.
Also introduced in the midwest in states that it really didn't have a presence of -- before.
Beef cattle which is taking up some of the land which means there's less to grow those crops on which means it becomes more valuable.
All in all it is a very good time to be a farm land owner in the midwest particularly in the state of violent and interesting I didn't think about that -- -- -- farmers the midwest like -- Ohio who work.
Policing their farms -- have for fracking in the making a lot of money because of -- two.
Interesting yeah opportunities new economy thank you Steve brown and -- --
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