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Who can own farmland? Western Producer article
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Gerald J.
Posted 6/23/2010 22:26 (#1248345 - in reply to #1248217)
Subject: RE: Who can own farmland? Never fly.



Never fly because its too anti everybody but farmers on the land. And it discriminates against those with the most money, including the retired farmer who's moved south for warmer winters.

There's too much money to be made owning distant farm land, or developing that farm land into residential and commercial property where instead of a few thousand an acre it heads towards a few thousand a 100 square feet. Town councils are blinded to the environmental effects and the loss of exportable crops by the prospect of local option sales taxes on a $100M construction cost and on a few million a year in sales.

I think the statistics are that more farm land is rented from off the land owners than is owned and farmed by the farmers that live on those farms. That the cost of owning land and equipment is so high that most production farmers have to rent the land and try to own the equipment. Even then the return on investment is poorer than a good year of bonds.

Gerald J.
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