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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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