At 85, Rudy Raths still has a sharp eye out for farmland. The Alexandria, MN, farmer owns about 3,000 acres of cropland in west-central Minnesota, which he farms with his son. He picked up a 240-acre parcel a while back, paying about $3,000/acre. “I’d buy more if it was available,” he says. “I’d sooner invest in land than anything else. It always seems to provide a return.” But, he adds, “There’s quite a bit of competition for good land when it comes up for sale.”...
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