Alright, I'll play devil's advocate. This isn't entirely true. I won't be rude as I usually am, because I can see how someone would look around and see something like this, but it's just not true. ESPECIALLY, on the farmland side of things.

First of all. let's address the fact that there are two separate issues being discussed here, insurance rates and taxes.

Let's talk about Insurance rates first. Yes, they're going up. The rates you're giving though, are only applicable to inner city crap holes. Those rates are reflective more on urban crime policies than anything else. You mentioned Michigan and New York Specifically. Both states have went on a spree of decriminalizing all kinds of crap up to a certain dollar amount, and have also made it next to impossible to actual prosecute any criminals in inner cities.

This is why those rates are increasing by a ridiculous rate in such places. Now you mentioned hotels. So let's go for a hotel in say, downtown Manhattan or Long Island, since we're still talking New York/New York Metro in that case.

The rates on such buildings in those areas aren't going up anywhere near as much, despite the recent influx of "immigrant trouble". Why? Because they're high value buildings in gateway markets. Even if you completely trashed the building to the point that it's no longer suitable for human habitation, the land it sits on is so valuable that, if you demolished the building, you could probably make your money back and then some on the sell of the land and air rights (which is is a thing in new york, you can buy and sell the rights to the air above the land parcels you own), so the insurance won't increase by THAT much, because they know that if push come to shove, that land is still going to be of value.

Detroit doesn't have that luxury, since it's a complete crap hole without a single positive market appeal. It's a dying city and has been for decades. So you can get away with jacking up insurance rates.

Likewise, while rates ARE increasing, they're not increasing by the ridiculous amounts you pointed out everywhere. Take Florida for example. Hotel central. Yes, the rates have increased in Florida, but the most I've seen over the past 3-4 years is 20%, or roughly 5% a year. Hardly the 50-100% you're talking about. It's annoying, but hardly an amount that can't be absorbed into the cost and passed on to customers. And let's be honest, people who want to go to miami beach are gonna pay that cost and never blink an eye about it.

Here's the other thing about insurance specifically that you don't seem to understand. Commerical insurance is much different from personal insurance. Typically, you sign commercial insurance contracts in terms of 10-20 years, and then the insuree has at least 2, but usually up to 4 two-five year extensions on that contract.

Commerical insurance is a long game. They want to lock in those big money customers for decades at a time. The extensions ARE often negotiable, but typically speaking, what you're describing of "insurance shopping" being impossible is completely false when it comes to commercial insurance. There are literally entire teams out there that are dedicated to poaching insurance customers from one firm to another by offering them the absolute lowest possible rates they can offer once they've been pissed off because their current provider tried to squeeze them.

Insurance companies are a rather unique entity. They really and truly, don't have to pay out that many claims throughout a year. Sometimes that's because there aren't that many claims and other times it's legal shenanigans, but either way, the point is they don't have to pay out too many claims, because large scale disasters are actually pretty rare in the grand scheme of things.

This puts them in the unique position of being able to collect your payments or "the float" and not have to pay out for years at a time. Which allows them to invest your payments for years, decades even, without ever having to pay anything out, and make more money for themselves. So it's more beneficial for them to have a long term contract with a large scale client, than to try and squeeze as much as they can out of that same client and run them into the arms of a rival provider who will offer them better terms for a 10+Year contract.

Now that we've established that the insurance side of things is only true in crap hole ghetto inner cities, let's address the taxes.

I'll just be honest, you have no idea what you're talking about here. 99% of farmers in the United States are eligible for what is called an "Agriculture/Homestead (depending on where you live) exemption". Basically, it freezes your property taxes permanently at a lower rate so long as the land is being used for agricultural purposes. It doesn't matter what happens around them, development, lots of house sells, etc. etc. Their taxes stay as low as possible so long as they keep farming. And any land they add to their farm's portfolio (because farms are registered as a business in 99% of cases) instantly have that super low tax rate applied to them.

Likewise, farmers have other special tax exemptions and rules. For example, you've heard everything is deductible as a joke before right? Well in the case of farmers, literally everything IS deductible. Everything from their electricity bill, to grocery bills, wages for workers, fuel for any vehicle registered as "company property" regardless of actual use, what little property taxes you pay, animal rearing and crop rearing costs, etc. etc.

Literally everything you do that has some effect on the farm is deductible. In 90% of cases, farmers don't actually pay taxes. By the time they end up claiming all of their deductions, they pay no taxes at all. This is why people say farmers are the most heavily subsidized business sector in North America. Not because of actual subsidy payments (though those ARE a factor), but because they get such favorable tax treatment compared to everybody else that only the absolute largest of farms (King Ranch, Three Mile Canyon Farms, etc.) actually end up paying any kind of taxes. And even then it's usually only a small amount.

Likewise, Insurance on farms is ALSO set up in decade long contracts, with 5 year extensions. Mostly because the assumption is that the farm is going to continue for generations as the farm is passed from Father to son again and again, and food production is the single most stable and needed industry on the planet.

And finally, this "there's less people" theory is also wrong. So far, there's been 20 Million excess deaths globally over the past few years. I know that sounds like a lot, and it is, but when you're talking about a global population of nearly 8 BILLION, that number starts to be much smaller. I can tell you right now, you go to ANY tourist trap in the USA right now, and it'll be just as crowded as any other year, despite all the financial problems people are experiencing.

Why? Because people are stupid. They'll prioritize short term joy over long term 90% of the time. This is why the beaches are full (and therefore the hotels and other small businesses). This is why Vegas is cram packed. This is why you still see people on long island vacationing and the golden coast in chicago, etc. etc.

So yeah, Insurance IS going up, but it's not having the effect you seem to think it is. Besides even assuming the $80K number WAS true universally, most medium sized businesses, like the Holiday Inn you mentioned, could easily absorb that cost. Medium sized hotels, in decent spots will make several $100K a year minimum. In GOOD spots? Easily over $1 Million a year. So yeah, it's not right that they'd have to absorb that extra cost, but they easily could.

This isn't going to bankrupt as many people as you think it is. If it does, then I hate to say it, but they're either in bad location for business and need to move their business anyway, or they're bad at being a businessman and probably took on too much debt, so they were bound to fail anyway.

Brutal, but honest.