Wednesday, July 9, 2008

Land for $10,000 an acre

In Crittenden County, hunting property has recently been fetching upwards of $2,000 an acre in some cases, but in Michigan property is selling for $10,000 an acre. There, it's farming driving the price. 

Now that corn is reaching record prices - fueled largely by the ethanol boom - thousands of acres are being converted to farmland for raising what's quickly becoming known as yellow gold.

Read more at the Rural Blog.