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The typical family farmer in the U.S. is a millionaire because of assets. They have poor earnings and they whine a lot, but they are sitting on top of land, tra
by mysterypie 11y ago
The typical family farmer in the U.S. is a millionaire because of assets. They have poor earnings and they whine a lot, but they are sitting on top of land, tractors, and buildings worth millions.
The average U.S. farmer could cash out, buy a house in Miami, and never work a day again in their lives. But they don't do so. They apparently like the country lifestyle and continue their struggle even though they don't have to.
Obviously the couple in the Salon article can't cash out and retire because they don't own their own land, and it's just a sliver of land at that.
- knughit 11y agoIs that true? They don't have mortgages?
- mysterypie 11y agoThe average farm family has owned it for generations. The Salon couple is atypical in that they got into the business rather than inheriting it.