Many South America based investor rushed to buy US farmland when - TopicsExpress



          

Many South America based investor rushed to buy US farmland when land prices in the South were at their peaks. However the US market now has collapsed after a strong boom and now is at its weakest since the depths of the world financial crisis. The agricultural equipment sector ( John Deere, Caterpillar etc ) are in even worse health than then, depressed by the slide in grain prices. A farmland price index compiled by Nebraska-based Creighton University slumped to 33.7 this month, down from 41.4 last month. That represented the 10th successive month of price declines - ie below the 50.0 figure which indicates a neutral market - and was the lowest reading since March 2009, as the global financial crisis was at its height.
Posted on: Fri, 19 Sep 2014 11:51:29 +0000

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