What happens to the cost of growing crops on a particular farm when the land is rezoned from agricultural to industrial use and its price triples?
A)The cost rises, but only if the farmer rents the land from someone else.
B)There is no change unless industrialization somehow interferes with farming.
C)The cost will probably fall, because industrialization is often incompatible with farming.
D)The cost rises, even if the farmer owns the land.

Question

Quizplus · Accepted Answer

When the land is rezoned from agricultural to industrial use and its price triples, the cost of growing crops on the farm will likely rise, even if the farmer owns the land. This is because the new higher land value will increase property taxes and potentially other expenses, and industrialization may also disrupt farming operations or require costly adaptations.

What Happens to the Cost of Growing Crops on a Particular