Might backfire. During the 2008-2009 smashola, farm land declined from about $8,000/acre to $1,500. Then again if "things" go into total collapse to where "nobody's paper money is worth diddly-boo"... real assets like farm land, toilet paper, and Tampax... will be of some value.
The $1500 number is an outlier event as it never sold for $8000. Your remark is nothing close to reality.
Look now at the chart in my post above. re: Iowa farmland https://www.extension.iastate.edu/agdm/wholefarm/pdf/c2-72.pdf
who cares the question is why? he is investing heavily in wind energy as well as electric cars with Chrysler and GM. Apple may do a deal with HYUNDAI (OTC) Bill hates not being the richest in the world he is after all a capitalist. Wind and solar energy from above while maybe growing crops below.. hmm a win win or is someone going to make hyfrogen more viable like hyundai? who knows.
Nice, their land was in Mitchell county, and I just double checked and the sale was actually 3 years ago now. I looked up the auction price and he actually did all right looking at those values, roughly $8000 an acre for the farm land, it was the 10 acres with the house that went for much less that I was thinking about.