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<blockquote data-quote="johnr" data-source="post: 95430" data-attributes="member: 395"><p>The cost of land ownership is impossible for a young person to enter into farming and ever earn enough on that land for it to turn a profit. The new and beginning farmer must "inherit" the land at a reasonable, next to free cost to make it pencil out.</p><p></p><p>Also the rents will go to the highest bidder, and a young person wont be able to compete. Farmers are their own worst enemy when it comes to an outsider making a go of it. The commodity market is also controlled outside of the supply and demand market for the most part, just like oil prices. Very hard to predict an annual income for the loan officer to put to much risk out there.</p><p></p><p>A guy would have to have inherited the land, or have a huge pile of cash and wanting to gamble it making a living off the land.</p></blockquote><p></p>
[QUOTE="johnr, post: 95430, member: 395"] The cost of land ownership is impossible for a young person to enter into farming and ever earn enough on that land for it to turn a profit. The new and beginning farmer must "inherit" the land at a reasonable, next to free cost to make it pencil out. Also the rents will go to the highest bidder, and a young person wont be able to compete. Farmers are their own worst enemy when it comes to an outsider making a go of it. The commodity market is also controlled outside of the supply and demand market for the most part, just like oil prices. Very hard to predict an annual income for the loan officer to put to much risk out there. A guy would have to have inherited the land, or have a huge pile of cash and wanting to gamble it making a living off the land. [/QUOTE]
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