07-07-2022, 08:11 PM
The OP mentioned the price of agricultural acreage.
I cannot speak about everywhere, but I can where I am located.
Prices are insane. Nuts. No regular farmer will pay what is being asked for some parcels right now. They will never make any money on that investment.
It doesn't surprise me wealthy entities are purchasing it. They can afford it and most likely are hedging for something down the road. It is just another place to store wealth right now.
It makes sense ND has some laws in place to protect the purchasing power of small farmers. But if those laws do not get enforced?
I cannot speak about everywhere, but I can where I am located.
Prices are insane. Nuts. No regular farmer will pay what is being asked for some parcels right now. They will never make any money on that investment.
It doesn't surprise me wealthy entities are purchasing it. They can afford it and most likely are hedging for something down the road. It is just another place to store wealth right now.
It makes sense ND has some laws in place to protect the purchasing power of small farmers. But if those laws do not get enforced?