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As somebody who manages some family land, I wholeheartedly agree. Going back to 1830, there are only three other families we have trusted to lease our land. Som
by onionisafruit 6y ago
As somebody who manages some family land, I wholeheartedly agree. Going back to 1830, there are only three other families we have trusted to lease our land. Some generations we lease their land. Other generations they lease ours. I’ve seen a cousin’s land destroyed for years by outside farmers. I know I could make some good money by leasing to an outsider for a few seasons, but they will use and abandon it, and it will take several seasons to recover. What’s the point in that?
- ISL 6y agoOne could imagine sufficient contracts to preserve the land's value/health, but they would be difficult to write and add friction. A lot of conservation/preservation is easier if you know you're going to be leasing it for years and the landlord is your neighbor.
- TeMPOraL 6y agoTrust is probably the greatest optimization humanity has ever had. Which is why I'm wary of the ongoing trend of removing the dependency on trust in all matters of life.
- jessaustin 6y agoNo contract enforces anything against a corporation who is willing to waste your time in court. They have employees who waste the time of poor farmers in court every day. They use what they learn in court to write progressively more evil contracts. When is the last time any of these farmers hired a lawyer so skilled at contract law? Is such a lawyer available in their state? In any neighboring state?