Posted by NY 986 on November 20, 2009 at 14:45:52 from (166.217.236.6):
Another piece of property near me is gone because somebody parachuted in with big bucks. I understand the 1031 has helped some people from being cleaned out by the Feds when they sell out in their old location. However it is killing me in terms of ever hoping to grow to a size where I know I could be secure when I'm older. It's bad enough that any rental ground available is poor in quality and the vast majority of ground farmed locally is owned by the farmer running it but I am once again getting pessimistic about the future. Off farm job prospects keep getting worse around here and now a sizable regional grocer is going out of business. I don't mind the idea of having to buy what I farm but by the time I could do so the elite farmers here will have everything nailed down. Getting to the point where there is no room for the little guy anymore. I understand life is not fair and there are people with worse problems than I have. I just needed a place to vent my frustration.
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