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A competent farmer isn't going to be purchasing useless land.
by HeyLaughingBoy 4y ago
A competent farmer isn't going to be purchasing useless land.
- CameronNemo 4y agoWhy not? Information asymmetry is hard to overcome sometimes. Someone might attempt due diligence but still get burned.
- bluGill 4y agoWhen someone wants to sell a field the real estate agent will ask for copies of the forms you submitted for government insurance, and other forms of proof of that it yielded. you don't have to give this, but it is a red flag to most farmers (not all farms collect this data, they are not worth as much). Giving incorrect information is fraud. Of course there is always information asymmetry, but farm buyers are aware of it. In most cases the buyer already lives in the area, so they know just be driving by over the years what really happens.
- modo_mario 4y agoHe may also just be working the land of let's say Bill gates and not care much for it's longterm potential. I feel like a lot of us in this thread are just throwing guesses out there.