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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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