Iowa Farms Minting Millionaires as Rich-Poor Gap Widens

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 6 Managing Financial Resources.

Description:  Pickup trucks lined a stretch of gravel road where 150 farmers mingled between 7-foot tall cornstalks and shimmering soybeans to see which of their wealthy brethren would bid on a swath of Iowa’s richest cropland. This was a farm — table-flat and 314 acres — so coveted that it drew three times the usual land-sale crowd.

Source:  Bloomberg.com

Date: Oct 19, 2012

Link:  http://www.bloomberg.com/news/2012-10-19/iowa-farms-minting-millionaires-as-rich-poor-gap-widens.html

Questions for Discussions:

  • What does this article have to say about the generation of wealth?
  • Explain the reason for the high value of farmland.
  • What would change this evaluation?

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