The price of cropland all over the world is rising more quickly than many urban areas for the first time in 30 years.
High commodity prices, including a rising demand for corn for ethanol production, have caused the value of crop land to climb 16% in
Murray Wise, chairman and CEO of Champaign, Illinois' Westchester Group Inc., told Bloomberg that farmland returns "will take a quantum leap over the next 18 months," after corn prices surged to a 10-year high in February.
According to UBSAgriVest data,
The trend is present overseas as well. In