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Falling price of farmland sparks fears of a bust

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Worthington — The boom in farmland prices of recent years could be cooling, setting up a potential economic blow to Minnesota farmers.

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Minnesota’s farmland is worth about $100 billion, and given that land often accounts for 80 percent of a farm’s assets, that value has served as an economic engine. It provides farmers the collateral they need to buy equipment and grow crops.

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