|
| I think it is a pretty bad proposition on paper, we're just all farmers and in love with it unfortunately.
With conventional financing you have to subsidize any current land purchase to the tune of several hundred or even $1000 per acre from somewhere else in your life. The question is could that down payment and your personal subsidy be doing more for you in some other location. With what looks to be a negative cash return on the ground for the next 30 years I tend to think there are better opportunities elsewhere.
In 10 years when we're still selling $4.50 corn and ground is going for $50k/ac I'll concede.
I don't know anything about dealing with tenants but I've never heard anything good. I'm sure they're out there and the people that complain are just the loudest. | |
|
Rental Income Breakdown and K Shaped Economy
