Roberto von Archimboldi on Nostr: he certainly agrees with you about farmers holding valuable land but living off low ...

he certainly agrees with you about farmers holding valuable land but living off low incomes. It is why the land is clearly overvalued when considered as an input into the farmer's business.

He doesn't consider the passing of farm land in terms of land management. He is rather dismissive of the idea that farming should be an inherited profession.

I guess the challenge you face is explaining why encouraging heritability of the profession is a better way to encourage good land management than by reducing the value of the land to its value as input into the business.

You presumably want your kid to inherit the most value, so you look after the land. That makes sense, but if we moved to a model in which farms were bought and sold because they were businesses that people wanted to invested, you are also incentivised to maximise the value of the farmland as farmland.

My suspicion is though that the land value as farm land is low, given the food business, so you will in fact be incentivised to run down the value of the asset to extract the maximum rental value now. In other words, to hell with the land, après moi, la déluge.

As I keep saying, I don't know. I can follow the argument enough to see how it works but don't know enough to evaluate it.