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Hey! Looking up Panama at Wikipedia to see what's new, "[Noriega] completed his [US] sentence for drug trafficking charges in September 2007. In August 2007, a U.S. federal court in Miami found Noriega extraditable to France, where he was convicted in absentia for money laundering. Noriega was extradited to France on April 26, 2010 and his trial started on June 28, 2010 in Paris."
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Quote:
Originally Posted by hawkeye2009
I am glad that YOU (as emperor) are willing to "grant" such a gracious and altruistic benefit, your majesty.
1. The cost of land is so high in the US that it would be impossible for an individual to purchase a functional farm. A "small farm" is 1,000 acres ( a square mile is 644 acres I believe) and is barely profitable. Good farmland goes from between $3K and $4.5K.
2. Getting a $3-$4.5 million loan for farming is impossible, as the interest would bankrupt you.
3. Only corporations have the ability to purchase and farm newly purchased land anymore. A combine costs $350-$400K. A tractor costs $200K. Preventing the inheritance of farmland will prevent family farming.
4. Essentially ALL farmland in the US has been in place since 1900- there has been no new "sod busting". ALL the family farms have been inherited for three to four generations. This is the way it has always been. In the past, this has been considered to be a good thing. Now the liberals have declared war on the family farm. What do they want- collective farms?
Here is the data in Iowa for ownership of farms. You can see that the family farm is alive and well. Hopefully the family farm can survive Obama
Farm organization
Individuals/family, sole proprietorship (farms)
Percent of total 83.4
Family-held corporations
(farms)Percent of total
6.15.
Partnerships (farms)
Percent of total 9.06.
Non-family corporations (farms)
Percent of total .4
The reason that farm land cost so much is because the government subsidies are built into the land price. You gotta figure that the land owner gets at least $1000 per acre each year from the government. And many of these people never go near the land they own. Many of them live in large cities.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Quote:
Originally Posted by GregW
Most Mid Western grain farms are already owned by corporations and run by hired hands and professional managers. As far back as the Eisenhower administration the government advice to the American farmer was "get big or get out." AFAIK corporation ownership can be passed on without incurring any inheritance tax if done before the owners die.
That is true but anythng that passes over $15,000 per year is subjected to a gift tax.
The reason that farm land cost so much is because the government subsidies are built into the land price. You gotta figure that the land owner gets at least $1000 per acre each year from the government. And many of these people never go near the land they own. Many of them live in large cities.
The reason that farm land cost so much is because the government subsidies are built into the land price. You gotta figure that the land owner gets at least $1000 per acre each year from the government. And many of these people never go near the land they own. Many of them live in large cities.
land everywhere is expensive
farm land more so than others...and close suburban tracts even higher.....a developer offered me 50k just for a 60x100 tract (1/6 acre)
farm land more so than others...and close suburban tracts even higher.....a developer offered me 50k just for a 60x100 tract (1/6 acre)
Farm land is not as expensive as rugged, timbered land. Recreational land, and land that can be subdivided for homes bring the big bucks. Farm land where I live is the cheapest land arougd because it has been cleared and has very little multi-purpose possibilities.
Cleared farm land is around $3000 an acre, but some wooded land will bring well over twice that amount.
Farm land is not as expensive as rugged, timbered land. Recreational land, and land that can be subdivided for homes bring the big bucks. Farm land where I live is the cheapest land arougd because it has been cleared and has very little multi-purpose possibilities.
Cleared farm land is around $3000 an acre, but some wooded land will bring well over twice that amount.
ok. maybe farm land is cheaper...but land in general has gotten very expensive
I used to know a few farmers when I was young. Don't you think it is a little dangerous having a 14 year old running machinery?
No. I drove a tractor when I was 7 or 8. All I had to do is keep it between bales of hay on each side and the tractor was moving VERY slowly. If I got off course someone would come and move the wheel to get it going straight again.
The reason that farm land cost so much is because the government subsidies are built into the land price. You gotta figure that the land owner gets at least $1000 per acre each year from the government. And many of these people never go near the land they own. Many of them live in large cities.
$1000 per acre? My dad owned/farmed 80 acres for many years and he never got one cent from the government.
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