Re: Interesting Farming show on the History channe

Posted by Dave from MN on March 31, 2006 at 10:31:13 from (65.126.171.162):

In Reply to: Re: Interesting Farming show on the History channe posted by Rauville on March 31, 2006 at 08:49:23:

I sadly look at it this way. Basically ALL manufacturing will be out of the USA. Real Estate in most rural areas are really slowing down as far as increasing in value. The one thing that will always be in demand is food. Grains/ Dairy/ Meats it doesnt matter. Alot of people with the $$$$ are pulling out of other investments and investing in farming and of course running as a profitable business. I read recently that many areas are being sold for millions and if the $$$ is reinvested into farmland for farming they avoid capitol gains taxation ( from an article in a local paper a while back), thus as it seems to be in and around my area, millionaires are becoming farmers, outbidding every neighbor cause they made 10 times/ acre on what they sold. Then there are programs that pay out to the person farming the land (such as DCCP,if enrolled), well if your running 1000 or more acres and its in a program like that it really adds some income. I wasnt even aware my land I purchased and rent out was in it till I called the SWCD. I am 35 and want to get in to farming ground and growing, but it is hard to out bid the big guys on land rent, many of which have the owners bound to rental contracts that have that wonderful fine print. Of course this is how I feel, I really hope people like Allan and you others can remain having the life they love and not go bankrupt competing with big family money. Again I am just a young dumb greenhorn, venting , so dont be offended by my statement.

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