Who sells farmland when prices are high?
I figured it would be strictly retired farmers, widows, institutions and investors. Not an active farmer who has another 15-20 crops to plant. But I was wrong.
I met Todd Intermill, of Colman, S.D., last week and he told me he sold 80 acres this spring and got top dollar.
Why did he sell?
Was he going broke?
Did he need the cash to stay pay off bills?
No, he sold, he said, because buying low and selling high is how you make money.