Farm land in Maryland where I live is either left in the family or purchased by Doctors or Lawyers who have the bucks to buy . No farm in this state that I know of could buy the land ,pay the mortgage and fertilizer bill, and grow enough to to make a decent living. We have a few farmers who are big time and work acreage for others who have given up, but where I live there isn’t a former farmer around who hasn’t had to find outside work,or take on acreage under a lease.
I have a friend who is a DC lawyer who told me about his investment in a large MD farm in February of this year. Said it was a good way to park his money since he couldn’t get a return in the banks at 1/2% interest.
Thank you for your reply. My comment was >not especially about farm land but how some laws ‘created’ by the government actually benefit politians&cronies.
As I understand it, there has been an increase interest by investors in the buying&selling of farm land.