I can find quality stocks that pay more than 4% in dividend yield. They may or may not have more risk than farmland when it comes to losing value in the current market. They also don't require upkeep (like the farmhouse), tenant issues, real estate taxes, etc.
Farmland has had a tremendous run in the past 10 years. There is nothing on the horizon (with the exception of wierd winter weather which could lead to a questionable growing season) to say that run can be sustained. From an investor standpoint, it would make sense to pull the plug, although a year or so ago would have been more of a peak. From what it sounds like, their trust prevented them from doing it then.
Don't blame them. It was their land, and their money. Last I knew, you were a free market guy. Don't waste your time on "sour grapes." If you feel that bad about it, be ready for the next one.
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Today's Featured Article - Tractors and the City Boy - by Ken. A few years back I came to the conclusion that city life wasn�t for me. The houses so close together you could hear the neighbors fight, traffic so heavy speed limit signs meant nothing. So I started looking for the ultimate country setting. After many months I found the perfect place, off the beaten path, up a private � mile drive, old stone house which has stood the test of time, out buildings which haven�t stood the test of time, trees, birds, rabbits, and snakes. This is the place! Bought
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