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To: Joan Osland Graffius who wrote (107197)8/25/2014 1:21:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 217881
 
Thank you Joan, I understand that you more or less agree with those calculations.

If so no accounting for the cost of capital locked into land is an incorrect approach, some one paid for the land, and that money instead of being invested in the land could have been invested in the stock market like in S&P contracts and then the question is which investment over the longer term provided better yield when a premium should be given for liquidity

I do know that land prices over the last few years grew dramatically but so has the S&P

Not everyone inherited agricultural land and therefore cost of land should be part of the calculation