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The Water Cooler
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Are low oil prices helping or hurting you?
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<blockquote data-quote="Shadowrider" data-source="post: 2795417" data-attributes="member: 3099"><p>There is basically no way to BECOME a farmer now unless you can pay cash for your land. Private farms are almost always on land that has been in the family and passed down. What needs to happen is get the .gov completely out of their affairs and let them price their crops how they see fit, the market(s) will take care of itself. </p><p></p><p>And if we don't get the estate tax repealed, it's only a matter of time before their isn't any private farms left. I saw an interview of a Wyoming cattle rancher a while back. He was on his grandfather's land and it comprised 1000's of acres and was valued at around $11,000,000. His net income was around $100,000 a year and sometimes less when things didn't go just perfect. He was nowhere near being a millionaire, not even close. But his land was worth millions and he had not a clue as to how his kids would be able keep it when he passed. They would have to sell their land that had been in the family for about 100 years to pay his estate taxes.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2795417, member: 3099"] There is basically no way to BECOME a farmer now unless you can pay cash for your land. Private farms are almost always on land that has been in the family and passed down. What needs to happen is get the .gov completely out of their affairs and let them price their crops how they see fit, the market(s) will take care of itself. And if we don't get the estate tax repealed, it's only a matter of time before their isn't any private farms left. I saw an interview of a Wyoming cattle rancher a while back. He was on his grandfather's land and it comprised 1000's of acres and was valued at around $11,000,000. His net income was around $100,000 a year and sometimes less when things didn't go just perfect. He was nowhere near being a millionaire, not even close. But his land was worth millions and he had not a clue as to how his kids would be able keep it when he passed. They would have to sell their land that had been in the family for about 100 years to pay his estate taxes. [/QUOTE]
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