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| In the long term, I guess the only competent farmers that regret buying too high are those that overextended and lost their farms. Was that was mostly in the 80's and the 30's?
But if government doesn't make a sharp turn from socialism and incredible debt, I have to wonder if they won't come after anyone with assets. If we "double dip" here, I don't know if government will throw another trillion out there, and even if they do it might target special interests first. Land is great unless we are heading to 10 years of slow recovery, or worse.
The general recommendation used to be not to add more than 25% at a time, as I recall. | |
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good time to buy land?
