The Newest (and Scariest) Speculation: Farmland « Flying Tomato Farms.
Occasionally you can get an older farmer willing to help out a beginning one by offering a reasonable deal (contract for deed or the like)–but with wealthy investors waiting to plunk down large sums of cash–how is a young farmer going to compete–especially when retiring farmers want some comfort after their long years of toil?
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In the end, there are a couple things that might save us from the
nightmare this farmland grab could easily become. The first is that
farming is a risky business–and investors are used to “managed” risk.
But, how do you adequately manage risk in an environment and climate
that is increasingly unstable and unpredictable?
And yes, you can insure–but what good does insurance do you if what
you really need is food? Let me cite my favorite of all Wendell Berry
quotes here: “What could be more superstitious than the idea that money
brings forth food?” READ MORE ...