ItWasntMe@discuss.online to Fuck AI@lemmy.worldEnglish · 2 days agoData center builders thought farmers would willingly sell land, learn otherwisearstechnica.comexternal-linkmessage-square49linkfedilinkarrow-up1245arrow-down12
arrow-up1243arrow-down1external-linkData center builders thought farmers would willingly sell land, learn otherwisearstechnica.comItWasntMe@discuss.online to Fuck AI@lemmy.worldEnglish · 2 days agomessage-square49linkfedilink
minus-squarebluGill@fedia.iolinkfedilinkarrow-up3·2 days agoAt $10´000 per acre a small 100 acer farm is already that much and we haven’t even bought a tractor of a house.
minus-squareglimse@lemmy.worldlinkfedilinkarrow-up4arrow-down1·2 days agoIf I get a mortgage on a million dollar house, my net worth is not a million dollars
minus-squarebluGill@fedia.iolinkfedilinkarrow-up4·2 days agoIt is in 30 years when the loan is paid off. Small farms commonly have been in the famaily for 100 years so the farmer is worth a million making $50k or some such.
At $10´000 per acre a small 100 acer farm is already that much and we haven’t even bought a tractor of a house.
If I get a mortgage on a million dollar house, my net worth is not a million dollars
It is in 30 years when the loan is paid off. Small farms commonly have been in the famaily for 100 years so the farmer is worth a million making $50k or some such.