Either we have bought land of our own or know someone who has; we all know how the prices of land have been continually increasing over the past decade. Many experts say that the price of land is going to start leveling off from the increase in values. Farms incomes is the most important element to the fluctuating farm land values and what happens to those will have a direct affect. With the incomes being so unpredictable lately, we have had to look at previous land booms to try and forecast what could unfold. From 1990 to 1920 the rising corn prices sent some land up almost 500%. The State Historical Society described this first boom period: “For agriculture this was prosperity piled on top of prosperity.” The second land value boom was from 1973 to 1981 increasing some land by 345% causing the price to jump from $482 to $2147 an acre. This was fueled by the rapid increase in commodity prices caused by the opening of major export markets. There are three factors that are happening now that has similarities of the past booms. One is the fact that the booms are driven by increasing prices and returns. Also, the idea that land’s value little to no downsides. Additionally, the way the general economy and society as a whole with the Great Depression and the financial hit that caused the farm crisis. Ultimately, the relationship between the past farmland boom periods and today are features that help us to look into the future of the land prices. Farm income is still the deciding factor on if the land market will rise or fall.
With all the concerns with the food supply and not being able to keep up with the world’s rapidly growing population, Japanese homebuilder, Daiwa House, may have found a solution. He has constructed a complete indoor greenhouse that is said to be the first step into the industrialization of agriculture. They are a new line of prefabricated hydroponic vegetable factories that produce safe and secure food called Agri-Cubes. They can be easily moved with a heavy-duty truck and measuring 8×16 feet, which can fit in the space the size of a parking spot! Additionally, a concrete foundation measuring 108 square feet has to be poured, plumbing, and electrical utility hookups have to be installed to prepare for the house. It creates an atmosphere, using heavy insulation to separate the environment from the elements of outside.
Also, the Agri-Cube uses air-conditioners and fluorescent light to create the ideal environment that is appropriate for cultivation. There is no soil used inside, but a hydroponic culture and vegetables are growing on aqueous solution water with a nutrient ingredient. Theses cubes allow locations that do not have the accommodations of farm or garden land to produce fresh produce all year around, such as rooftops, apartment community areas, and other urban areas. Daiwa claims that the Agri-Cube can grow about ten thousand servings of fruits and vegetables every year and would end up costing about $4,500 per year, which calculates into 45 cents per head of lettuce. These miracle inventions are being sold to housing complexes, hotels, retirement homes, nursing facilities, top-end restaurants, and schools in Japan. Currently an Agri-Cube will cost you between $70,000 and $100,000 and with the growing popularity we can only hope that the price will reduce. Daiwa will also take custom orders and export these Agri-Cubes to other countries and is developing his product to meet the need of the countries conditions.