Posted 12/21/2024 15:50 (#11020288 - in reply to #11020274) Subject: RE: Honest question for you?
Because small farms don’t work as well as they used to. Economies of scale is a thing.
I rmever when I first farmed over a decade ago there were a lot of 2000 acre farmers around me. Mostly 50yrs or older guys. They’ve all but mostly retired now and there’s a lot of 35-55yr old guys now and they farm 5000+.
A lot of those older guys that farmed 2000 acres have paid for land and decided to retire I guess. Inherited 1000 acre and put together another 1000 over their career. It was a good living.
But these young guys are inheriting less land and putting together even less land. If putting together any land at all. I mean the price of commodities has really not kept up with inflation. It makes it difficult when the name of the game is to ACTUALLY Try and beat inflation
I finance with a decent sized bank and the head guy at the local office told me I was by far his smallest farmer with 500 acres. And then it jumped to 2000 acre and then most falling in that 5000-10000 range.
But Asking why someone wants to expand is like asking
“Why would you want to provide more for your family?”
Farming, government payments and return on equity
