Land Prices

When I was in Iowa a year ago I heard that farm land was going for as much as $10,000 an acre. This price is very dependent on the price of corn, or rather on what people expect the price of corn will be in the near future. I suspect the government's ethanol program has something to do with this.
    Yesterday I put up a post about a classic car auction taking place in Brothers, which is a small town in Eastern Oregon. I remarked that there wasn't much there, and Posthip Scott sends me this little notice from 1914.

Click to embiggenate.