3 ms·
> Are you planning on working (your farm) into your 80s? If you're so pessimistic that you literally sell your conventional assets to buy a farm, your retireme
by tivert 3y ago
> Are you planning on working (your farm) into your 80s?
If you're so pessimistic that you literally sell your conventional assets to buy a farm, your retirement plan must involve children or some community inheriting it and taking care of you in your old age.
But even if it doesn't, you're still probably ahead in your pessimistic scenario (e.g. surviving relatively comfortably until retirement age, instead of dying earlier in some kind of collapse).
- baremetal 3y ago>your retirement plan must involve children or some community inheriting it and taking care of you in your old age. My farmland pays a rent dividend on the order of 2-4%/yr and I don't even have to be there or even show up to collect it. I bought my farmland because I consider it doing my part to preserve the planet. I'm a big believer in the future of locally produced food and more local communities in reducing emissions and _corporate wastefulness_. As a side benefit it will preserve my standard of living. I thoroughly enjoy steak and so do a lot of other people. Livestock, land, and gold have preserved wealth since ancient times.
- pb7 3y agoIf your farmland continues to yield 2-4% when shit hits the fan, I will dump my inflated money into an ETF that holds farmland.
- 29_29 3y agoNot a bad time to buy a farm. Prices are coming down; my yield is a little bit different 1/3 of it is wooded/water - but its probably close to 2% plus tax benefits.