3 ms·
Agree with jccc... the point wasn't that a single farmer wasn't earning the same amount as 3 corporate CEOs, it was that the 3 CEOs earned more than 2000+ farme
by rabboRubble 10y ago
Agree with jccc... the point wasn't that a single farmer wasn't earning the same amount as 3 corporate CEOs, it was that the 3 CEOs earned more than 2000+ farmers combined.
Furthermore, I think you missed a level of insight about where the earning power is. That land may come with a mortgage and other liens. The trick is scrounging enough money to pay the mortgage every month on that land. Only after a lifetime of paying off the mortgage, does the typical farmer or rancher have enough equity in the land to make it a cash windfall when they sell.
I think the cartoon was commenting on the difficulty of making the farming business model work because of the tiny incoming cash flow from raising crops and being the frontline person working the land.
- Laforet 10y agoI agree. Not to mention that corn farming was not profitable at pre-recession commodity prices and even more so now without government subsidy. In New Zealand, our main agricultural outputs (dairy and meat cattle) have recently gone into the unprofitable territory and it was only land speculation that kept the farms producing at the current level.