A Dead Weight on the Farming Industry
[Reprinted from Land and Freedom,
In our efforts to enlighten the farmer I believe we should call
special attention to his particular position as a land owner as
distinct from land owners that are not farmers. As an owner of natural
resources is situation in the economic field is different.
Taking the price of land, or of a farm, as the accumulated economic
rent which the farmer must pay in order to get possession, the sum
paid is the purchase price of an opportunity to work and upon which
the interest can be collected and as far as his business is concerned
remains dead capital. It can be recovered when he sells, and probably
with an increase, but the burden is simply transferred to another
farmer and therefore never leaves the farming class. It is a dead
weight on the industry of farming.
The farmer is not now nor never can be in a position to fix the
selling price of his products on the basis of capital invested, plus
labor, insurance, taxes, superintendence and other items that enter
into cost, while the goods for which his product is exchanged comes to
him with all these charges plus Rent.
The condition of the farmer is hopeless under the present feudal