Farm Income, Cropland Prices Headed to Record High

Farm income and agricultural land prices are headed for record highs. Farm income could top $87.3 billion this year, a number not seen since 2004, while cropland values are expected rise as much as 10 percent. Agricultural commodities have led a surge in the Thomas Reuters/Jefferies CRB Index since June with cotton prices increasing to a record 76 percent, wheat rising to 48 percent and corn reaching a two-year high. (Bloomberg) Read more.