What happens to the family farm when the lineage stops?
Sale is the easy answer, but how about a different approach?
In an environment where land values continue to outrun the stock market, why would retiring farmers ever sell? Currently, there is a consistent two to three percent return on rental values and the original asset has shown appreciation rates of above 10 percent most years.
Even if the family does not want to be involved in operations, the investment is sound. Everybody else in the world, including Bill Gates, is investing in land. Why would we, as the original stewards, get out of it?
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