Farming is a business, most businesses are not passed down between generations, nor are many farms. Farm land is just another commodity whose value is set by a market, there is always some farmland for sale somewhere. A change in interest rates, a change in the next farm bill, a change in crop insurance rules or subsidies, a new tariff or another retaliatory embargo, a change in the mandated use of ethanol, or any of many other influences could send farm land prices falling or crashing, just as it has before. Five years from now selling a today's prices could look like a smart move or a dumb move.
I'm not sure what you are upset about? The family has every right to sell whenever they choose to. It sounds as if they are following a plan, a plan that was probably decided and agreed on decades ago. They also have the right to sell to the highest bidder. Are you kicking yourself for not bidding $11,750 per acre or higher? Paying for capital improvements on rented property is always a risk. Renting the same land for 56 years is a luxury few other farms enjoy.
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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