I come from a family of farmers, they are probably the wisest men I know to date. They work sun up to sun down half the year and spend the other half reading, learning, loving their family and tinkering in the shop. I wouldn't trade where I come from but it's a shame to watch the way it works, you have a successful farm and 3 sons... only one son will inherit that successful life while the other 2 figure out what else to do. Worst yet you don't have sons worth a damn or they don't want your life so your life's work gets bought up by a huge corporation and your land gets used by a big corrupt industry.
All the farms around me are being turned into massive HOA Subdivisions. The farmers are at least getting money for the land, but it's not nearly what it's worth. There's a 50 acre plot connected to a major road that's only going for a few million. A developer is going to swoop in, build 90 homes and sell them for 500k-700k each, plus deed restrictive HOA.
If the farmer found an investor to go into business with, they could develop the plat map, build the roads, and then sell/land lease individual plots or streets to builders for ready to build homes. You still hold control of the land, at least initially, and you don't get fucked with a a big check you're splitting with Uncle Sam, and no land assets. Hell, the farmer can set up their own HOA with deed restrictions on the plats, and retire on the funds. If someone violates the restrictions, there are clauses where the deed reverts back to the original deed holder.
Not saying this is what farmers want to do, or should do. Land is the most valuable, finite resource in the world and holding onto it in any form is so important.
[–] SeriousNiggerFaggot 0 points 2 points 2 points (+2|-0) ago
I come from a family of farmers, they are probably the wisest men I know to date. They work sun up to sun down half the year and spend the other half reading, learning, loving their family and tinkering in the shop. I wouldn't trade where I come from but it's a shame to watch the way it works, you have a successful farm and 3 sons... only one son will inherit that successful life while the other 2 figure out what else to do. Worst yet you don't have sons worth a damn or they don't want your life so your life's work gets bought up by a huge corporation and your land gets used by a big corrupt industry.
[–] Tekedo ago
All the farms around me are being turned into massive HOA Subdivisions. The farmers are at least getting money for the land, but it's not nearly what it's worth. There's a 50 acre plot connected to a major road that's only going for a few million. A developer is going to swoop in, build 90 homes and sell them for 500k-700k each, plus deed restrictive HOA.
If the farmer found an investor to go into business with, they could develop the plat map, build the roads, and then sell/land lease individual plots or streets to builders for ready to build homes. You still hold control of the land, at least initially, and you don't get fucked with a a big check you're splitting with Uncle Sam, and no land assets. Hell, the farmer can set up their own HOA with deed restrictions on the plats, and retire on the funds. If someone violates the restrictions, there are clauses where the deed reverts back to the original deed holder.
Not saying this is what farmers want to do, or should do. Land is the most valuable, finite resource in the world and holding onto it in any form is so important.