3 ms·
Why not? Information asymmetry is hard to overcome sometimes. Someone might attempt due diligence but still get burned.
by CameronNemo 4y ago
Why 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.