My guess is that they are counting on high inflation coming. It's the only way such a purchase could make any sense at all.
Before the real estate bubble really took off my dad tried to buy the farm next to mine for $3000/acre which was really high at the time. He was outbid by a guy from the city. This guy sat on it for about 5 years and is now advertising it for $7500/acre. It's not even half tillable and what is tillable is mostly gumbo. The whole thing would be pretty funny if it wasn't so sad.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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