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10 acres is not enough. A friend of mine owns 200 acres in Iowa and he has to work off-season to ensure a steady income. But the 200 generated enough $ for him
by vermontdevil 11y ago
10 acres is not enough. A friend of mine owns 200 acres in Iowa and he has to work off-season to ensure a steady income. But the 200 generated enough $ for him to retire. Wasn't easy though.
- peter303 11y agoDo you mean by selling the land? The last few years until this year there was boom in farmland prices.
- vermontdevil 11y agoNo still owns it. Rents it out now. But the ups and downs of income from farming made him work two jobs. Some years the crops brought in good money. Some years nothing. He managed to saved enough so he can retire. But he told me he thinks 200 acres is the bare minimum to see some money if you are smart about it. The more acres the better obviously. And the farmer in the article only has 10???
- vacri 11y agoOn the other hand, farmers will always find a way to complain. I was reading a farming rag from a nearby town, and the canola crop was a bumper one, the best year ever. Response from the farmers? "Yeah, well with so much canola on the market, the unit price will be down" Don't get me wrong, farming is hard work, but the farmers I've encountered rarely have much positive to say about their work particulars. A bit like sysadmins, really.
- vermontdevil 11y agoha I guess a complaining farmer is a happy farmer?