change in default assumptions
With the global climate now officially- if belatedly- declared more or less permanently destabilized, I think you should probably throw out about half of what you thought about weather patterns, trend yields, probability of yield reducing events etc.
Should be good for the croppers/landowners- particularly here where the taxpayer underwrites weather risk.
If you become exceedingly wealthy maybe you can give a $M to your church, or maybe do what guys do and trade in the old wife on a new one if you can arrange an adequate trade-in on the old model.
Or buy a vacation mansion, or some toys.
Although one alternate scenario is that polities overreact, belatedly. Then pretty much everything is off the table. Seems the establishment of a permanent government to prevent any action is nearing the final shot at it.
Re: change in default assumptions
"the last man standing" I think unaffordable technology is taking care of that, the row shut offs, square inch management, seedcorn dropped with the pointy end down it all takes volume for it to pay out. We are probably 5 years away from the Biggestshots in the neighborhood having completely autonomous machinery which is going to be a game changer as much as hybrid seed and self propelled combines. There`ll always be a small niche farmer, but the 1500 acre medium sized operation really won`t complete with the "Dave Hula" yielding high tech farms. Of course if you own your 1500 acres free and clear and pay your property taxes, you can be "eccentric" as long as you wish.
Then the other side of being the last standing wealthy farmer with the aging prom queen. Not to git political, but these Democrats with the "infrastructure" bill $4.5 trillion that doesn`t contain enough infrastructure to call it a "infrastructure bill"...Taco Bell has 4 times more beef in their tacos than there is infrastructure in the bill. But, "objective newspeople" report "it`s to be paid for by rich people and corporations" ...look in the mirror, congrats you`re rich! bet you didn`t know that.
That`s another thing, in the future agriculture will have to be a real corporation for all the loopholes to operate, the traditional S Corp won`t cut it.