The land buyers, that I'm familiar with, around here have bought at lower prices. The land values here are considerably lower than most places and the taxes are lower as well. They look at land as a better investment based on the way everything else is going. They have the money and leaving it in the bank is losing them money now. The interest rates don't keep up with inflation. Contrary to what many think, the rich folks don't enjoy sitting in rooms just counting money, they had much rather invest in something that might fail as just sit on it knowing that it is losing value every day. If that weren't the case I never would have been able to borrow money :lol:
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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