ItWasntMe@discuss.online to Fuck AI@lemmy.worldEnglish · 1 month agoData center builders thought farmers would willingly sell land, learn otherwisearstechnica.comexternal-linkmessage-square49linkfedilinkarrow-up1252arrow-down12
arrow-up1250arrow-down1external-linkData center builders thought farmers would willingly sell land, learn otherwisearstechnica.comItWasntMe@discuss.online to Fuck AI@lemmy.worldEnglish · 1 month agomessage-square49linkfedilink
minus-squarebluGill@fedia.iolinkfedilinkarrow-up3·1 month 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-down1·1 month agoIf I get a mortgage on a million dollar house, my net worth is not a million dollars
minus-squarebluGill@fedia.iolinkfedilinkarrow-up4·1 month 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.