You are correct, but if you use cash to buy some land and equipment to cultivate it you can produce enough to pay for the taxes easily, or if it appreciates enough in value to no longer be a viable spot that means you can sell it for a huge profit and buy more in a more remote location, increasing valuation over time.
You are correct, but if you use cash to buy some land and equipment to cultivate it you can produce enough to pay for the taxes easily, or if it appreciates enough in value to no longer be a viable spot that means you can sell it for a huge profit and buy more in a more remote location, increasing valuation over time.
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