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Re: Re: It's not what you gross...
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Posted by paul on April 30, 2004 at 06:30:55 from (66.60.197.62):
In Reply to: Re: It's not what you gross... posted by Wayne on April 29, 2004 at 22:30:16:
I live about 100 miles from the 'big city' of Minneapolis/St. Paul, and 3o miles from a smaller regional center city. As these cities grow & push the surrounding farmers out, thet get increadable amounts of money. Which the government taxes. Unless they go through a rather complicated process of rebuying farm land within one year of getting the windfall. So, land in my neighborhood has about doubled in the past 18 months. It's the outsiders deperately needing to reinvest their land dollars bidding against each other. This leaves me & my neighbors out from ever hoping to buy land. There is no way to make any net on land at these prices. It is purely an investment. Now I don't blame those fellas, they are trying to shelter their land sale profits from the govt, and this is about the only way the govt allows them to do so. But, proerty taxes are getting so high, regular farming doesn't cover those bills even. Think about that when you talk about 'everybody' moving out to someplace with more room. We are running out of places with 'more room' and our ecconomic & tax structures are getting so out of whack that farming is becoming unstable. We are all going to be eating Agrintene beef, Brazilian soy, and many imports from China & Russia in the decades to come...... --->Paul
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