In article , Torsten Brinch
writes
On Tue, 24 Dec 2002 13:06:20 -0000, "Hamish Macbeth"
wrote:

Most professions the salary is the only compensation component. Farmers
also have an asset (the farm) growing in value (long term).

That is afaik not measured in with farm income, since it is not income
from farming, not compensation for farming. I think it is better
expressed, farmers tend to be also land owners.

Roughly 2:1 vacant possession to tenanted. The added value is only of
use if there is no succession and is a disadvantage where values are
high compared with the earning capacity of the land.


Indeed there might farmers embodying in one, a grubby greedy *******
of a landowner, capitalizing on whatever his other component, the
resourceful, hardworking, chronically underpayed farm worker, might be
helped with to a better living, be it the technological progress or
direct subsidy made available to him by society. In the UK, there
actually has been conspicuously large increases in land value, and
conspicuously highly correlated, in almost perfect tune with the
McSharry reform.

Your politics are on view:-)

It might be instructive to have some input from America where land
values are, presumably, more closely related to what can be grown.

David P might care to comment on how land prices have varied with
respect to inflation.

Oh, well, all professions come with their quirks.

Free stationary and holidays to name two of office workers.

regards

--
Tim Lamb