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Agreed that a lot of it may be paper wealth. Farming is capital intensive. Having a successful farm often means hundreds of thousands to millions in equipment
by tastyfreeze 3y ago
Agreed that a lot of it may be paper wealth. Farming is capital intensive. Having a successful farm often means hundreds of thousands to millions in equipment and infrastructure. Anybody with that kind of capital is absolutely not poor.
- dogman144 3y agoYa, usually paired with significant political capital as well. Ranchers in the west make up a mess of state legislatures, are strong conservation advocates (although in an indirect/slightly selfish way), and so on. If I had the money to plan for and survive the land-value tax issue, I'd probably buy a mess of land and hand it back over to an operator.