Jan. 13, 2024
I hear you want to approve basically land trusts. Years ago I told my farther I would sell the farm. Frankly with valuations as they are the returns are sub par. Valuations have always been stretched for many out side factors most probable the limited amount available. Owning land is more about being a good Stewart than anything else. A fund gassed out of New York or Washington hundreds of miles away can’t be a good Stewart. It will not be used for the real value it has. It would most likely have co2 value meaning a company you propose would be use to farm government policy such as carbons credited or some less real value to society. It would drive out young farmers. Which I know starting people out to succeed is important to my family. You will create a feudal system. That system will create national poverty increase the cost of food. This idea isn’t noble and will hurt real people every day. I am not against corporations owning land as family need to form them to continue ownership. I am not in favor of board that than abusvie and lead to a fascist system of owner ship. Like I started off saying land in general doesn’t cash flow to add value appreciation is where value happens. As for paying boards and excutives they will take all the cash flow leaving little for stake holders. Also as for environmentalist let them deal with subpar returns with their own money.