Farms: Fat of the Land

The price of U.S. farm land has been creeping up for 25 years, and lately the creep has turned into a sprint. On top of a 6% increase in 1964, farmland prices across the nation jumped another 6% last year, according to the Agriculture Department. In many areas, the gain was even greater. In Iowa's corn belt and Florida's citrus area, land prices have climbed 10% in the past year. Crop land in Sedgwick County, Kans., now brings $400 an acre, 32% more than it did only two years ago.

The same Crown...

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