Costs of Kentucky Real Estate - Cattle Land vs. Development Land
Posted Jul 24, 2007 @ 10:26 pm, Viewed by 437 Visitors, Read 450 Times.At what point will our local Kentucky cattle farms completely sell out? It boils down to pride and family heritage vs. money. Fortunately for the state of Kentucky, we are in the Bible belt where pride and honor is practically worn on the cowboy belt holding up our pants.
I don't know if there is an answer to our "stuggling farmer" situation. The bottom line is if selling off farms wasn't financially beneficial to the farmer, they wouldn't be selling of it the first place. Also, other Kentucky farmers should be happy. Reason: The fewer and fewer farms there are around, the more valuable their crops become. With Kentucky real estate values going nothing but up, taxes do go along with it, but that is not an arguement for farmers. They pay small real estate taxes as it is.
Should we keep giving farmers huge tax breaks so that they are not selling out to real estate developers? I guess it would depend on the surplus of food and how much we have to import from other countries doesn't it.
I will say this, the more and more we raise minimum wage in this country, the more farms will be sold off and the more imports will be recieving until the wealth from the US created from the Industrial Revolution is used up.
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