Unfortunately now when there is a crash, the land gets sold off by the bankruptsy judge to an even bigger outfit, rather than sold off pacel by parcel.
As happened with the Family Farms outfit in Illinois, and the Stamp farms in Michigan and south. Even the land they were rented the rent contracts got sold, the person owning the land couldn't choose who would fulfill the remaining part of the contacts.
So when this all crashes in, the govt has it set up so the big will get bigger.
As is typical.
If you saw a press release from the land sale you mention, the head of the buying group said they feel university spread sheets are wrong and there is plenty of room to get better returns on land than the Us are projecting.
Meaning, they figure $400 rent should work out fine.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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