- What's interesting about this discussion is its application to a lot of fields. I hear the same thing about engineering, doctors, nurses. The only field that I DON'T hear this about is LAWYERS. They're making those like there's no tomorrow. (Disclosure: 2 of my daughters are attorneys :lol: )
- I don't believe we have a "lack of farmer" crisis. I don't see empty shelves in the supermarket because nobody is farming. SOMEONE is producing that food and it may be big operations, but that's the evolution of the business. Just like the assembly line revolutionized manufacturing, ag science and technology has made it possible for fewer people to feed more people. It's no different than bemoaning the fact that a young mechanic can't get started building cars to compete with Ford Motor. I know my wife and I don't know/care if the product we're buying is grown on a family owned farm or on a corporate piece of land. What we care about is price and quality. Plus a lot of food get's processed into what we buy after it leaves the ground by a processor who, again, may be family owned or a giant corporation.
- As one poster stated, if it becomes un-economical to rent land to produce a profit, renters will stop doing it and owners will be "land-poor". Some may be able to pay the taxes and just sit, but others need the cash and rents will drop until it becomes economical to rent it again.
- when JD wrote about his (sons) recent land purchase, I whistled and did a little math based on average corn yields, corn prices and asked myself if I'd go that far in debt ($ 4.2 mil, IIRC). The return on investment didn't look bad (I made a lot of assumptions) and would be worth the risk IF THAT'S WHAT YOU WANT TO DO FOR A CAREER. That is the same kind of decision that is made by other "young" people every day when they "invest" by going into debt to get a law or medical or engineering degree, etc. So, I can envision those that love farming will take the risk plunge in and one day become big operations, doing what JD's sons are doing. The problem is (as one poster stated) that young people want everything now, won't plan for 30-40 yrs down the road and won't take the financial risk and work the long hours required to make it happen.
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