Farming is a business, most businesses are not passed down between generations, nor are many farms. Farm land is just another commodity whose value is set by a market, there is always some farmland for sale somewhere. A change in interest rates, a change in the next farm bill, a change in crop insurance rules or subsidies, a new tariff or another retaliatory embargo, a change in the mandated use of ethanol, or any of many other influences could send farm land prices falling or crashing, just as it has before. Five years from now selling a today's prices could look like a smart move or a dumb move.
I'm not sure what you are upset about? The family has every right to sell whenever they choose to. It sounds as if they are following a plan, a plan that was probably decided and agreed on decades ago. They also have the right to sell to the highest bidder. Are you kicking yourself for not bidding $11,750 per acre or higher? Paying for capital improvements on rented property is always a risk. Renting the same land for 56 years is a luxury few other farms enjoy.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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