Costs of Kentucky Real Estate - Cattle Land vs. Development Land
Posted Jul 24, 2007 @ 10:26 pm, Viewed by 265 Visitors, Read 272 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.
This Post Has No Comments.
REW Blogs User Stats
Currently Online Users:
1
Total Users:
1,741
Entries:
5,148
Unique Views:
2,557,806
Total Views:
2,651,102
Total Comments:
5,151
I've been working on computers for many years and dabble in the real estate sector. After receiving my master's degree in Technology, I'm having a great time helping others online. Read More
- This User's Stats
-
Blog Entries: 11Average Blog Rating: 1Unique Views: 3,511Total Views: 3,580Comments Posted: 4Comments Received: 5
Rate this Post!
Share this Post
Print
Social Bookmarking
Contact Me
RSS Feed
Top Rated
REW Blogs RSS Feed