I don"t think land prices will crash, but can see them coming down a bit. Although I think that location will make a huge difference. Quality farm land that is far from any significant population center will be unchanged. I do think that the value of commuter ranchettes will come down. With the cost of fuel going up and no end in sight to how high it will get, a lot of those folks driving an hour each way to work will get tired of the fuel expense. That will drive down demand and the price along with it.
Dave in MN, that might help in your area. I can"t imagine it doing anything to the folks commuting to St. Cloud, but I bet there are a lot less folks who work in the cities looking to build there.
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