see the problem with land going from 300/ac to $30,000/ac is that the farmer is still trying to scratch out a living on the same land, but his property taxes are going up each year driving him out of business.
Then since you only see that 180/ac as a cash deal if they were to sell it, the nearly entirety of the procedes would be a capital gain and again get taxed by the gov't like crazy. So what is this family supposed to do after selling, take their money and move to the city and do what stare at a TV?
Putting generations of work into a piece of land, just to sell it is not the american dream and I can assure you that I will have the last farm in Spencer Co. KY! When all that beautiful land around me is gone, I'll just be an island of farm land inside all those cookie cutter developments, they'll have to pry my deed from my cold dead hands
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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