Farmland values not a bursting bubble.

Now those prices are going down - one analyst has said he can make a very good case for $4 corn this fall - and beef and dairy prices are coming up."It's going to be a wild year, and a lot will depend on the weather, which we of course can't control."Land rents and production both affect farmland prices, Myers says. Action, or inaction, of the government also is an influence on farmland prices, Myers says."We still don't have a new farm bill; there has been a lot of playing politics and not much accomplished. As "bumps in the road" occur in the farm economy, "farmland prices will reflect that", Abbot Myers, chairman of the board of the Mississippi Land Bank, said at the organization's annual meeting.But, he says, while some analysts are warning of a sharp retreat in land prices, "I don't foresee another farmland bubble like the one that occurred in the 1980s, when there was a total collapse in values."Some people feel prices are too high right now; others say prices will keep steadily going up, but at a slower rate than the past few years. [Extracted from the article]