Let's Just Buy the Farm

don't worry. the farmers keep forgetting that gas prices are going up, so their profit will be down. next year, they'll be auctioning off those lots for 15-30% discount. farmers <> math savvy.

i wonder how much of that has to do with tax benefits and federal subsidies. not sure if this will be considered "credible" by you guys, but this here article was very interesting.

http://exiledonline.com/manhattans-welfare-kings-how-americas-billionaires-have-turned-farms-into-personal-tax-havens-and-petty-cash-machines-allowing-them-to-give-less-while-taking-more/

also, i skimmed the article, but it seems to deal with sale of existing farmland in the midwest. while the tried and true practice of the obsenely rich of buying land in the tri state area and changing the status to farmland for tax purposes has not gotten very much publicity, that i know of. maybe it has, but not front and center as it perhaps should.

So the farmers are expecting a big year, could the farmers pull us out of recession? Tractor power!

"US food, farm exports could have record year

Ag Secretary says US food and farm exports may have record year, could reach $135.5 billion

Federal officials are expecting a record year for U.S. agriculture exports.

Agriculture Secretary Tom Vilsack says farm and food products are expected to reach a record $135.5 billion in fiscal year 2011, which ends in September.

Vilsack told The Associated Press that U.S. agriculture may have its best export year ever. Compared to fiscal 2010, export value is expected to grow 25 percent.

Vilsack spoke Friday in Tampa at the Commodity Classic, a large convention and trade show for the U.S. corn, soybean, wheat, and sorghum industries that draws some 4,500 farmers from around the nation."

I would expect a lot of this is because the dollar is down. I hope the farmers don't all run out and buy the farm next door, thinking this will last forever.