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Buy A Farm

One of the biggest items in the news this week is the price of food. It has been going up. Actually it has been both going up and in the news for quite a while now. This latest action in Egypt is just the tip of the iceberg.

Many 3rd world countries are attempting to stockpile food in an attempt to keep their citizens from starving this year, and possibly next year as well. By stockpiling they are in effect helping to drive up the cost of food, in a supply and demand way.

For those of us here in the IS, we have started to see our prices of food go up a bit the last year, but will see much bigger increases this year, especially as the price of gas continues upward. A huge percentage of our food comes from within the US, but a growing amount is coming to us from Mexico and other countries.

One of the side effects of food prices going up, the the increase of "farmable" land prices. Yes, farms are once again getting to be more valuable. In my area the raw land, with more than a few acres is the only real estate increasing in value. Other areas around this country are reporting the same.

I submit that one of the best investments we can all make right now is to buy farm land and lease it to a knowledgeable farmer.

Comment balloon 6 commentsKevin Robinson • February 05 2011 09:02AM

Comments

Kevin - When buying a farm I imagine that having enough reserves to run the farm for two to three years would be a good idea.  It seems to me that without those reserves you could very well really "buy the farm".  Thanks for the blog.

Posted by Steve Ewing - Keller Williams Realty (Keller Williams) over 8 years ago

Farming is not all glamorous and sitting on a porch swing with a hot black coffee staring out over the back forty easy. Hard work, the weather can mess up all your plans but the humbling nature of four seasons working outdoors makes you aware of things. Heat from the wood you cut in the woodlot. Food you can, and enjoy from the root cellar all winter long. Dressing lots warmer. Filling your lungs with fresh air. Your simple living needs met. And a sense of empowerment of you can fix that super M tractor fuel line problem, replace the fence posts from the moose gentleman caller after trying to court and spark with your best milker. In the early 1900's 96% of us lived with three generation under one roof like the Waltons. Good night Kevin Bob. Ever wonder where the food you eat comes from, how it was gassed, who handled it and how ?

maine winter farm sunset

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 8 years ago

Buying a farm means never being without - those who had farms during the Great Depression never went without - only those who lived in the cities went without...

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 8 years ago

Steve- My idea was to lease to a qualified farmer, not try to become one.

Andrew- Done a bit of farming myself. Quite a lot of my family in the biz.

Nick- Thanks man.

Posted by Kevin Robinson, Fractional Developer over 8 years ago

Kevin - while I don't have a farm, I will be starting my seeds soon to grow as much of my own produce as possible.

Posted by Mike Saunders (Lanier Partners) over 8 years ago

Kevin, farms never took a dive here in my area when the economy collapsed. Prices continue to go up for good farm land but also the costs associated with growing a crop.

Posted by Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County) over 8 years ago

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