StanMac wrote:
When land becomes more valuable for use as housing or commercial development than farming, it will be developed for housing/commercial use eventually. Farmers don’t live forever and as they retire, selling off their land sustains them, and their heirs, quite nicely, I am sure.
Stan
With the current price of farmland in my area, selling my very modest sized farm would make me a temporary millionaire. First off the IRS would take 35% of it for capital gains taxes. And then where would I go? I’m quite happy being able to do what I want and when I want without having to follow zoning regulations, city ordinances and so on. If I want to build a chicken house of any size, I can. I can have all the crowing roosters I want. I can let the sheep graze my yard without having anyone say or do anything.
Money isn’t everything. I’m certainly not rich or well off, but this is my home and I’m content to keep on keepin’ on as Joe Dirt said.