|
| The problem is the guys under 50 have been locked out of buying land for nearly a year do to price + interest rates + a "young to middle age" farmer debt load. Throw in the current tax policy for inheritance on farmland and your looking at quite a cluster F in the next few years. Investors and very well established farmers "mostly guys in their 60's and 70's, that don't need to borrow much money are gobbling it up. When these guys begin to pass away, if the tax law stays the same, there might be a large auction every month in every county for years. The inheritance taxes on the land will firce auctions to pay the tax. That will drive the price of land down, not up.
Edited by doathlon 3/22/2024 07:37
| |
|
Farm level Debt / EBITDA
