Pro953
WKR
If I remember correctly they cant raise it more than 25% a year. So it would take a long time to get to market value.
Actually it would be pretty fast. At 25% increase annually you could get from 1.50 to 30 in 14 years. I would say that is pretty fast considering you are increasing the cost per grazing acre 20x.
Probably the right speed to keep the industry stable but make the cost uncomfortable enough to change some behavior.
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