Lyric discussion by john102105 

Cover art for Silver Jenny Dollar lyrics by New Pornographers, The

I think it is : "men are scum, it's true but I love ya".

To me this makes more sense because he is comparing "men" in general to himself in particular. There's a pause after "it's true" which makes it make more sense that the next line is in opposition to the observation that "men are scum".

I also guess that the "Parcel of land" might be a reference to the purchase of Manhattan from native americans for a few dollars? Thus "men are scum"..?