land en Investors angle for a piece of precious farmland <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span><span style="line-height: 1.5;">Howard </span>Audsley<span style="line-height: 1.5;">, who wears dark glasses and has his hair cut short in a crew cut, has been driving his Toyota truck through the state of Missouri for the past 30 years to assess the value of farmland. Barreling down the flat roads of Saline County, Mo., on a recent day, </span>Audsley<span style="line-height: 1.5;"> stopped his truck at a 160-acre tract of newly tilled black land. The land sold for $10,700 an acre&nbsp;last February, double what it would have gone for five years ago.</span></p><p> Thu, 01 Nov 2012 18:30:34 +0000 Abbie Fentress Swanson 23804 at Investors angle for a piece of precious farmland Why is farmland so expensive? <p></p><p>On Friday, I left the rolling hills of Columbia, Mo., and headed northwest, to the flat farmland of Saline County. The purpose of the drive was to get a look at the priciest cropland in Missouri for a story I'm doing on how investors with no connection to farmland are increasingly interested in buying acreage in the Midwest. I had heard from farmers and real estate brokers that cropland values were at all-time highs in the Corn Belt, and incredibly many of the tracts of land are being paid for in cash.</p> Wed, 31 Oct 2012 15:09:28 +0000 Abbie Fentress Swanson 23725 at Why is farmland so expensive?