The President of the Senate (who by the Constitution is also the Vice President of the United States) is Joseph Robinette BIDEN (D). The President pro tempore of the Senate is Daniel Ken INOUYE (D-HI). The Senate Majority Leader is Harry Mason REID (D-NV). The Senate Minority Leader is Addison Mitchell McCONNELL (R-KY).
The crash was especially severe in Iowa, where the value of the state's farmland plunged from $2,147 an acre in 1981 to a low of $787 five years later, a drop of 63 percent. A third of the state's farms went out of business.
In 2014, the actual farmland value was $7,700 per acre while the capitalized value was $8,830 or $1,130 higher than the current value ($234 cash rent / .265 10-year rate). In other words, current cash rents and the 10-year CMT rate together suggest that Illinois farmland prices are not overvalued.