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Raising Cane
By John | June 25, 2008
The State of Florida has announced the purchase of about 300 sections of farmland from U.S. Sugar. U.S. Sugar has raised sugar cane on this land since the 1930’s, when they carved this farmland out of swampland. Now it must be returned to its natural state. We don’t need it to raise sugar cane anymore. We eat too much sugar anyway. Let’s just make a swamp out of it.
300 sections. That’s almost 200,000 acres. Out of private hands. Into the public
sector.
$1,750,000,000 of taxpayer money to take private land out of circulation. And that’s just one example from one state. It’s happening all over the United States. A few
hundred thousand acres here, a few hundred thousand there. It’s raising cane with the
market for vacant land.
Topics: Rural Land Investment |