Louisiana Purchase, Part Deux
Dan Owens over at the Blog for Rural America has his eye on a little spread down south. Just under 28,000 acres and priced to move--at fifty mil!
Seriously, Dan takes you through the subsidy implications of a giant cotton and rice plantation on the market in Louisiana.
Why, it's just like having every taxpayer in America as your investment partner.
And here's the sweet part: you get all the equity.
Read it and understand why the subsidy lobby has its way with supple-spined politicians. And why God created blogs.
Comments
Very interesting, I must say. Even more interesting that people are not lined up outside that realtor's office begging for a chance to buy this "farm", especially with all the support payments tied to it. Hmmm, wonder why those people aren't lined up? Perhaps, farming 20,000+ acres isn't as profitable or as easy as Mr. Cook and his band of goodwill ambassadors would lead one to believe. Can someone at the EWG tell us why people aren't lined up to buy this property?
Posted by: Ron Lee | September 4, 2007 2:27 PM