As prices for key agricultural products have soared, so have farmers’ incomes and the value of their land. But at least one indicator, the ratio between the purchase price of land and what it rents for, suggests that the prices may be getting too high. Here’s a look at various indicators of how these trends have influenced each other.
Sources: U.S. Census Bureau, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Kansas City. U.S. Department of Agriculture, University of Minnesota, Minnesota State Colleges and Universities, Steven J. Taff, U of M; Star Tribune analysis of USDA data