Around here the suitcase farmers are either investor groups or millionaires who made their money off farm. They are very progressive, coming in with aggressive tiling to make the land more productive. Everyone around here is very tight lipped about what rents are going for so I don't know what they get for rent but they do try to make every acre productive. The downside is some conservation practices are not being followed meaning no-till, terraces and grassed waterways. One large hog outfit has Japanese investors helping them buy land to raise corn for their own feed mill. This outfit has the land custom farmed. They must have a lot of money to spend because they are pattern tilling every acre of every farm. Laying down tens of thousands of feet of drain tile takes some deep pockets to finance. This is done a year or two after the land is purchased for $8000 to $12000 dollars per acre. They are buying quarter sections and half sections at a time and usually it is the good land, not the junk. These buyers are in constant contact with realtors and can get land bought before the general public knows it is for sale. The local farmer in this area doesn't have a ghost of a chance of competing against this kind of money.
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