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| I'd say its a sign there is a big surplus of money. The shortage of farmers will be evident when then next generation takes the reins and doesn't have the working captial to fund the expenses of 1000+ acres. They will have to borrow large amounts of money, and who knows what interest rates will be by then. That is when the next farm crash could happen. I'm 36 and rent 97% of my land and should be buying my first piece of land now, but can't compete with someone who has 500+ acres of owned land free & clear. My generation and younger is going to be stuck renting until late in our careers, or we've got to rent a lot of ground(aggressive growth) to be able to buy. | |
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article about shortage of farmers
