Re: Buying Farmground

Posted by Rauville on September 14, 2004 at 07:18:22 from (209.180.79.48):

In Reply to: Buying Farmground posted by Allan in Ne on September 14, 2004 at 05:25:24:

Recently a local 83 year old farmer was visiting with me. He and his Wife have no children, and own 4000 acres of good productive land.
He told how he had just turned down a cash offer of 6 million dollars from an out of state investor. Instead, he and his Wife have set up a self-sustaining trust. The land will be kept intact and offered in parcels to local younger farmers for the lowest possible cash rent, based on the actual cost of maintaining the trust with zero profits.
In this day and age of greed, this struck me as an unusual act of foresight.

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