I get my eggs from a few doors down for $5/dozen.
My neighbour across the street was a cattle farmer, sold all his herd last year and has the property up for $5.5 million, advertised as 27 potential lots.
Our family property (since 1875) in Hillsburgh was a working farm, 183 acres but got sold roughly 20 years ago for about $1.3 million since my Aunts that lived there were getting too old to care for it. About 5 years ago it was sold again to a developer for over $30 million and will be getting turned into 300+ homes, school, park etc. They are keeping most of the exterior of the farmhouse intact since it's now considered a historical site, but all the inside character has been stripped.
So ya, if we keep selling farm land prices of food will go up as we'll have to ship it from farther away.
My neighbour across the street was a cattle farmer, sold all his herd last year and has the property up for $5.5 million, advertised as 27 potential lots.
Our family property (since 1875) in Hillsburgh was a working farm, 183 acres but got sold roughly 20 years ago for about $1.3 million since my Aunts that lived there were getting too old to care for it. About 5 years ago it was sold again to a developer for over $30 million and will be getting turned into 300+ homes, school, park etc. They are keeping most of the exterior of the farmhouse intact since it's now considered a historical site, but all the inside character has been stripped.
So ya, if we keep selling farm land prices of food will go up as we'll have to ship it from farther away.