Tuesday, February 7, 2017

DEBT BURDEN OF BUYING FARMLAND

A commercial real estate agent calls a farmer, asking if there is any land for sale in the area. The farmer replies, “If there were, I wouldn’t tell you.”
This conversation happened last week.
The acquisition of cultivated acres is an often cruel, unforgiving arena, pitting friends against friends, neighbours against neighbours and once financially stable people against crippling, formidable debt.
Farmland is too expensive. But farmers buy it. They clamour for it. And in many areas it’s nearly impossible to find.

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