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They don’t have to struggle, they just have to lease the land to someone else. They’re in Knox county, they have 880 acres. This map from 2020 has the non-irrig
by quickthrowman 5y ago
They don’t have to struggle, they just have to lease the land to someone else. They’re in Knox county, they have 880 acres. This map from 2020 has the non-irrigated farmland rent in Knox county at $198/acre. [0] 880 times $198 is $174240. Even half of that is $87120, subtract $15,000 in property taxes and you’re left with $72,000.
They don’t have to sell the farm, they just need to lease it to someone with a more efficient operation. Oh no, the ‘poor’ rural people who could earn 6 figures in land rent a year, who will help them?
[0] https://www.nass.usda.gov/Statistics_by_State/Nebraska/Publications/County_Estimates/20NEcashrents.pdf https://www.nass.usda.gov/Statistics_by_State/Nebraska/Publi...
- t0suj4 5y agoThere's too little detail to know. Could be that the price of $198/acre is offered for high-yield farmland that may be rare in Knox county and that they don't have? It could also turn out that they're turning profit from land where anyone else would just fail. You don't know.