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It has been a long time since profits from agricultural activities have justified the price of land. Escalated prices are often attributed to speculation, but with a fixed land resource and a growing population, the price of land is likely to continue to increase over the coming decades.

Cattle producers in the Southern Great Plains had to reduce cow numbers in 2011 due to the most severe drought in decades. Replacement cow prices are at an all-time high in 2012, and most pastures are still in poor condition, making it difficult for many producers to restock to former levels.