US farmland escapes real estate slump as prices soar to record
Farmland prices in the Midwest, the nation’ s breadbasket, jumped 20 percent just in the third quarter from a year earlier— bucking a downturn in the residential real estate market, according to data from the Federal Reserve Bank of Chicago and the National Association of Realtors. Jim Schultz, who runs Open Prairie, a private equity investment firm in central…
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