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re: asset rich

Posted by Ghost Estate on January 27, 2012 at 15:41:39:

In Reply to: asset rich posted by jack on January 26, 2012 at 23:17:54:

Surely farmers (or anyone else for that matter) are only asset rich if their assets would be likely to be of substantial value were they to be placed on the open market.

In the majority of instances this is clearly no longer the case given that the bottom has falling out of the markets for both agricultural and development land.

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