The Land Boom
How much is it worth?
Robert Smith/NPR hide captionOn 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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