Like most self-employed business owners, people involved in production agriculture face a number of threats to their business’s survival.
What if I get ill and cannot continue to work? What if a natural disaster ruins my land so that I cannot continue production? How do I pass along my farm or ranch to the next generation without losing it to taxes, assuming there is even someone who wants this potential headache?
One of the most eminent threats in the mountain portion of our three states is development. The development of homes, businesses, and resorts is driving up the costs of land so high that agricultural production can never pay the cost of investing in land.
This keeps new people from buying farms and ranches and keeps farmers and ranchers from expanding. In Routt County alone, some property owners have seen their property valuations increase as much as 85% in the past year.