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lots of foreign corporations buying it to secure food production and during the 0% interest rate days post 2008 lots of hedge funds and investors who just neede
by ren_engineer 3y ago
lots of foreign corporations buying it to secure food production and during the 0% interest rate days post 2008 lots of hedge funds and investors who just needed a place to throw money, similar to VCs investing in any random startup they could find. Worst case scenario the investors lose money on farmland and use it to offset taxes on a different investment. Losers are the local people who can't get land because some investor from California or New York buying via online auction