Is Monette Farms like Bernie Madoff?

[AlbertaFarmer5]

I don't think anyone doubts a farm with an existing, potentially paid for land base can purchase more with profits from the entire farm. The argument is that the new land likely wouldn't cash flow itself until its paid for in 20 plus years and that is pretty specific to farming. No other industry operates that way. The other part of that equation is likely quite a hit to the personal lifestyle (take home income) of the expanding farmer to make it happen, while non farming peers spend disposable income on other things in life, not land payments.

But haven't we been saying that every year for the last three decades?

[GDR]

But haven't we been saying that every year for the last three decades?

Yes....but maybe one day we (as a group) will wise up! Or maybe the trend will go on forever!

Also, for sure we can farm more acres than we did 30 yrs ago but your profit per acre is likely not much different yet the cost of that same acre has increased 10 fold or more.

I'm not saying its a bad idea to buy land, I'm just saying it lacks economic sense.

[BighatPete]

Hutts here all outside investors for years.

I don't get it, so are the hutts being financed by investors? My impression was they own and work their own land and are very profitable because no overhead.