There are several things that drive agricultural land values. One driver is the fact that good farm land is a safe place to park money. If an investor has money to invest, but wants very little risk, farm land is a fairly safe bet. Unlike stocks which can rise and fall even go right off the market, land is forever. True the property value can go down, but historically speaking, if land value drops dramatically, so does the value of everything else. Land can be rented out and will cover off the property tax. Farm land has always since WW2 steadily gone up in value. This has created considerable interest from both domestic and foreign investors. These people don’t have to make money from the farm land to pay for the cost of the land. They are buying land to diversify their financial portfolio. Much of the farm land around me now is being bid on and sometimes purchased by absentee land owners , that rent the land to cash crop farmers.
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Today's Featured Article - Search For Spares - by Anthony West (UK). Following on from the aquisition of the old Fordson F, I was very much in need of spares. As a novice though I didn't appreciate the fact that there were so many Fordson tractors made, that all the other makes seem rare by comparison. As far as I was aware a fordson was a fordson and it was only through trial an
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