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USA | The difference now and the 80s is who will get squeezed first and the hardest. Will be those that rent the majority of what they farm this this go around.
We are in historic times, when it comes to the amount of disparity in land cost to produce a crop.
2000 acre farmer that owns all the ground he farms with a cash land cost of $100 acre vs the guy the rents 2000 acres @ $300 acre rent, = $400,000 yearly advantage to the low land cost farmer.
$1.2 million advantage over 3 years. | |
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Related to 1586 post- loss of wealth
