riptides
Super Member
How does a farmer make a million dollars?
He starts with two million.
He starts with two million.
The consumer. The price of food will rise and become a bigger part of expenses for the average Joe who wasn't greedy enough to get ahead of their neighbors.In the above scenario, that next gen farmer sells the 160 acres; maybe it is divided into 32 5 acre parcels. We get 32 new "homestead, tiny farm, life style" folks; they buy tractors, decorative "farm" gates, build driveways and homes; TBN gets 32 new members, I build roads, county gets more taxes, 32 people are happy with their new rural properties, the farmer is still farming, and with his capital investment, he is probably producing more on his 480 acres then pops did on his 640. Who lost?
Not really, or atleast not by default. Pops who scraped by, and probably even did ok on his 640 acres, probably never had the Cash to do capital investment, laser leveling, field tile, get the variable rate sprayer, ect. Now, the son/daughter Does have some cash, and 480 acres. They Can maybe do some laser field leveling, install tile, upgrade to more modern equipment, and likely yield the same on 480 as dad did on 640.The consumer. The price of food will rise and become a bigger part of expenses for the average Joe who wasn't greedy enough to get ahead of their neighbors.
Being that a big customer stopped buying soybeans, farmers around here are losing about $300/acre with that crop. Not good.How does a farmer make a million dollars?
He starts with two million.
Well in my grandparents case it was by milking cows and investing that when my grandmother past 2008 was worth 1.x million. Wealth passed on to 3 children and my sister and I due to the passing of our father. Our financial advisor uses her story for an example of how to manage your money and retire well off.How does a farmer make a million dollars?
He starts with two million.
Well, BX... everything changes. As I mentioned, my dad subdivided property on the edge of South Bend in the mid 50s. The city limits were the norther border and a county road. There was nothing to the north or west of him but farm fields. Over just my 64 years of life, I've seen several hundred houses built to the west, an industrial park, two apartment complexes, a Walmart come and go (shoplifted out of existence), fast food, sit-down restaurants, convenience stores, Meijer, car washes, a library, more housing developments with a couple thousand houses to the north all the way to the Michigan state line, the Cleveland Rd bridge over the river, a one lane bridge replaced with a two lane, more industrial parks, pretty much everything on the NW side of South Bend didn't exist when I was born. It all changed, and none of the people I knew when I was a kid live there anymore.Got notice last week that a developer has applied to build a subdivision across the street from me. Plan shows 72 houses on 64 acres with four retention ponds. NW corner borders a small creek. Neighbors are up in arms, I guess the FB thread (or whatever they are called, I don't do FB) was nearly a riot a friend said.
Here's what REALLY pisses me off. A few years ago, I had a conversation with one of the owners of the farm that I knew they were getting on and wouldn't be able to keep the farm up much longer, and she assured me that they had put covenants on the property that prohibited the property being developed because she knew it would be terrible for the neighborhood. Well, after they passed and the property went to their daughter, a developer friend of hers offered to buy the land and he would pay the legal bills to get the covenants removed. So that was accomplished and now we're looking at a few years of construction, noise, a lot more traffic, 72 septic systems, 72 more wells (a couple of people in the area have already had to put in deeper wells), more pollution from 72 lawns getting several doses of insecticides, herbicides and fertilizer every year.
I will have the back yards of four houses directly across from my property, a total of 16 will either face the road or face the other way. 10 will have driveways directly onto the county road in addition to the main entrance.
So tomorrow at 9:30AM there is going to be a huge turnout at the Planning Commission meeting for the approval or denial of the plan. Hope it doesn't get ugly, as some have on occasion.
The real problem I see, is that the members of the commission have virtually rubber stamped a bunch of projects this developer has submitted, even when there was overwhelming opposition against them. Part of the problem is that they are appointed, not elected, and really have no stake in the game, as it's nearly impossible to get them removed, past experience shows.
There's some talk of hiring a lawyer and I told them I would definitely support that if it became necessary.
Slimy friggin' developers...
Forgot to mention, I've lived here for 51 years. When I moved here, there were only about 20 homes within a mile of me. Now there are over 700, and almost no farm land is left.
I’m in the works with a much smaller development on 3.7 acres. The city required engineer stamped plans to comply with state regulations. The high points include sewer drawings, storm water runoff and detention pond plans, a road thats at minimum 20 ft wide with an 80 ft turn around for fire trucks and a fire hydrant 500 ft from the farthest house. Judging by the size of the project and the fact they mentioned retention ponds I’m sure the OPs developer already has engineers involved.About the only thing you can do is voice your concerns regarding traffic and density issues like septic, wells, soils types, FIRE INGRESS AND EGRESS to and from the neighborhood, drainage, etc. and hope they hear those concerns and address them to make it less painful on you and your neighbors.
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I can safely say if this was in California where I live it would be near impossible to develop…Got notice last week that a developer has applied to build a subdivision across the street from me. Plan shows 72 houses on 64 acres with four retention ponds. NW corner borders a small creek. Neighbors are up in arms, I guess the FB thread (or whatever they are called, I don't do FB) was nearly a riot a friend said.
Here's what REALLY pisses me off. A few years ago, I had a conversation with one of the owners of the farm that I knew they were getting on and wouldn't be able to keep the farm up much longer, and she assured me that they had put covenants on the property that prohibited the property being developed because she knew it would be terrible for the neighborhood. Well, after they passed and the property went to their daughter, a developer friend of hers offered to buy the land and he would pay the legal bills to get the covenants removed. So that was accomplished and now we're looking at a few years of construction, noise, a lot more traffic, 72 septic systems, 72 more wells (a couple of people in the area have already had to put in deeper wells), more pollution from 72 lawns getting several doses of insecticides, herbicides and fertilizer every year.
I will have the back yards of four houses directly across from my property, a total of 16 will either face the road or face the other way. 10 will have driveways directly onto the county road in addition to the main entrance.
So tomorrow at 9:30AM there is going to be a huge turnout at the Planning Commission meeting for the approval or denial of the plan. Hope it doesn't get ugly, as some have on occasion.
The real problem I see, is that the members of the commission have virtually rubber stamped a bunch of projects this developer has submitted, even when there was overwhelming opposition against them. Part of the problem is that they are appointed, not elected, and really have no stake in the game, as it's nearly impossible to get them removed, past experience shows.
There's some talk of hiring a lawyer and I told them I would definitely support that if it became necessary.
Slimy friggin' developers...
Forgot to mention, I've lived here for 51 years. When I moved here, there were only about 20 homes within a mile of me. Now there are over 700, and almost no farm land is left.