Land prices.

HERE is another unfortunate example of greedy siblings. And ANOTHER . If I had 50 million I'd buy it!
 
It's a bad cycle and yes I think it's the disconnect of the generation that didn't grow up working theses places. The heirs just think about the return. They somehow forget the generations of their family who bled, sweat, and stressed to keep it going. I just lost my last lease last month. I've had it 20 years, along with over 1000 acres from the same family. The owners who I dealt with are gone and the kids have sold off all of it over 4 yrs. And not one parcel stayed local with a producer. All were bought by investors who don't give a shit about the area or the land. The most recent piece, which their parents ashes are buried on, sold to a deer hunter out of Florida for stupid money. Mind you this piece we were never allowed to hunt because the family was morally against hunting. I guess their morality only went as far as the checkbook. Sad, sad
 
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Think of a generational farm with a couple of younger next gen farmers or father - adult son (or daughter) looking to expand. Cash rent becomes the only viable option ?

Some of the land price escalation is due to investment groups buying land. … Similar to what is going on with single family starter homes.

Can’t blame current owner for accepting best offer but at what cost is this going to have on …
 
The real culprit is land cost inflation and the cost of money to borrow. The people who would farm cant qualify for a loan or if they the payments are out of sight. The saddest part is nothing is being done to fix this problem. Rich corporations will own every farm in the USA before anything is done.
 
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