ItWasntMeFeb 24

Data center builders thought farmers would willingly sell land, learn otherwise

https://discuss.online/post/36041300

Data center builders thought farmers would willingly sell land, learn otherwise - Discuss Online

Lemmy

Show threadrafoixFeb 24

Farmers are already millionaires and they get to live on a farm.

Data center buys their farm and they gotta move into a town like all the poors.

Show threadglimseFeb 24

Farmers are already millionaires

Is that really what you think

Show threadjonesyFeb 24
It’s not that crazy when you see the cost of farm equipment, you own a decent sized tractor and you’re a good way to $1,000,000 in assets already, add on a truck or two, general equipment around the farm, a few buildings and you could easily crest a million in assets. I would be surprised if there are that many private farmers with a million in liquid capital though, and realistically most farmers aren’t going to be rich.
Show threadglimse
Where do you think they got the money to buy the assets? Loans have to be paid back
Feb 24 at 12:55pmWeb
Show threadqueermunist she/herFeb 24
The majority inherit their land.
Show threadjonesyFeb 24
Quite a few of the farmers I’ve met purchase outright and claim depreciation via their taxes and avoid the interest, but I would assume many finance as well.