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Mike's avatar

I was talking to a farmer in South-Central Nebraska. It seems that a company owned by Bill Gates had just bought dry land farmland at $5500 an acre (for cash). The land normally sells for about $3200 an acre. Assuming that an almost doubling the value of the land in a single transaction would have a commensurate affect on property taxes, would this be destabilizing to small and medium farmers?

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Krystine Kercher's avatar

I hope that he's able to make real headway on this issue before November. We're headed for hyper-inflation due to the national debt.

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