Farmland costs soar to record high

 Farmland costs soar to record high: "The cost of farmland soared to a record high during the second half of 2010 as commercial farmers looked to cash in on rising commodity prices, research has suggested.
The Royal Institution of Chartered Surveyors (RICS) said 55% more surveyors reported a rise in demand for commercial farmland during the period than those who saw a fall, as farmers were keen to expand their production, while a balance of 6% more reported an increase in demand for residential farmland.
But the supply of both types of land has been falling steadily for the past two-and-a-half years, pushing prices up to a new high."

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