My guess is that they are counting on high inflation coming. It's the only way such a purchase could make any sense at all.
Before the real estate bubble really took off my dad tried to buy the farm next to mine for $3000/acre which was really high at the time. He was outbid by a guy from the city. This guy sat on it for about 5 years and is now advertising it for $7500/acre. It's not even half tillable and what is tillable is mostly gumbo. The whole thing would be pretty funny if it wasn't so sad.
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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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