US farmland values are at an all - time low , global surpluses have left corn and soy bean prices below the cost of production , and the amount of agricultural debt relative to agriculture has soared to the highest level in three decades , all just as the Federal Reserve has begun to raise interest rates , which has prompted farmers to state that the US farming boom is all but over . Farmers are now being urged to look back to the " doldrum period " of Summer 1998 through to Summer 2000 , and reduce the number of adjustments that were required to effectively save their farms .
US farmland values are at an all-time low, global surpluses have left corn and soy bean prices below the cost of production, and the amount of agricultural debt relative to income has soared to the highest level in three decades, all just as the Federal Reserve has begun to raise interest rates, which has led experts to state that the US farming boom is all but over. Farmers are now being urged to think back to the "doldrum period" of Summer 1998 through to Summer 2006, and recall the types of adjustments that were required to help save their farms.