Earlier quoted context omitted.
I am very conflicted on a carbon tax for the agriculture industry. It is going to sidle a cost to an industry of razor thin margins. The transition from regenerative agriculture is expensive & rising food costs has a destabilizing effect. There need to be changes, but I am not convinced that this will have the desired effects. Its quite possible this leads to a net conversion of farmland to residential or commercial…
> It is going to sidle a cost to an industry of razor thin margins. Will it or will farmland value take a dump but remain unchanged in use? I always thought of farmland these days as a use of last resort and if it could be marketable for buildings, it’s already not economically worth it as a farm except speculatively
The value in the land isn’t in its use (which is getting 1% ROI), but in speculation it may be granted permission to be converted to housing, or because of tax loopholes.