The Next Real Estate Bubble? Food Price Inflation Strikes in the Midwest

Source: The New York Times

Today, The New York Times published an article on a potential real estate bubble in the Midwest.  This seems to be yet another effect that high oil prices are having on the economy. As I have frequently argued in previous posts, persistenty high oil prices will have a ripple effect on our economy. Now high food prices are leading to appeciation in Midwest farmland as the chart on the right so aptly shows.

About Sean Patrick Hazlett

Finance executive, engineer, former military officer, and science fiction and horror writer. Editor of the Weird World War III anthology.
This entry was posted in Business, Climate Change, Food Security, Predictions and tagged , , . Bookmark the permalink.

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