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The Land Boom

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The Land Boom

Housing

The Land Boom

The Land Boom

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  • <iframe src="https://www.npr.org/player/embed/141053761/141065165" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

How much is it worth?

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Robert Smith/NPR

On today's show, we visit a place where global economic forces converge: Colo, Iowa.

The price of farmland in Iowa has doubled in the past few years. People rush to outbid each other at real-estate auctions, and land owners become millionaires in a matter of minutes.

We visit an auction, look at the broader economic picture, and ask an unavoidable question: Is it a bubble?

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