5 ms·

> Doesn't that just boil down to "people who want to do x and have money can end up in a better spot than people who inherited x and have less money?" Is that

by dictum 9y ago

> Doesn't that just boil down to "people who want to do x and have money can end up in a better spot than people who inherited x and have less money?" Is that not a valid criticism?

apetresc 9y ago
Of what?
- dictum 9y ago
  Not the phenomenon itself — everyone should be free to pick a new career as circumstances and desires change — but of some interpretations of that phenomenon. I don't want to set up a straw man here, but a hypothetical analyst could look at this trend and think something special is happening with farming (as mc32 put: "[thinking] that they have a better farming plan or better farming insight over generational farmers") — picture a cover story with the headline "farming is back", now picture a less upmarket story titled "15 reasons to be a farmer (ear of corn emoji)! You won't BELIEVE number 12!". Whereas it's an iteration of the eternal "strike gold, open a boutique" story.
pc86 9y ago
I guess my hang up is that it seems pretty self-evident. Yeah, money makes things easier. I don't think any of the software developers on this site making 3-5x the median individual wage will argue against that. Assuming for a moment that "money buys things" is a valid criticism of some independently wealthy software developer buying a farm (?), what's the proposed solution to that?
- mc32 9y ago
  Instead of "criticism" read takeaway or insight, rather than criticism of the preference. I think they are saying, the new farmers can choose that path because they have fall back, not that they have a better farming plan or better farming insight over generational farmers.
simplicio 9y ago
I mean, inheriting a farm is inheriting a lot of money. Were family farmers perfectly rational economic actors, they'd presumably sell their inherited farm and use the proceeds to buy one more suited to the newer, locally grown, organic type farms that are more insulated from the economies of scale that are driving them out of business. But obviously people aren't such rational actors, and farmers have emotional attachments to their farms, the rural areas they grew up in, etc. And so they keep trying to make the old model work, increase their debt loads and hope things will turn around until its too late.
- jefurii 9y ago
  I can't speak to anyone else's experience but when my uncle took over the (CA Central Valley) family farm he didn't experience a windfall. And most years he made more money at his side job (substitute teaching) than from the farm.
  - newfoundglory 9y ago
    The windfall option is selling the farm, not keeping it. And if you inherited something that nobody wants to buy then obviously you're in a poor situation.
  - roel_v 9y ago
    But did he inherit it, or bought in? If he bought in at market rates (or even at a low double digit discount), it would be 'buying a job' which is seldom very profitable. That's very different from inheriting but not wanting to sell because of sentimental (economically suboptimal) reasons.
- panzagl 9y ago
  Selling a farm isn't like selling a house, you can go years with no offers.
  - simplicio 9y ago
    Real agricultural land prices have been on a relatively steady increase since the mid-80's (which further suggests the issues with family farms are due to economies of scale crowding out family farmers, rather than farming itself being unprofitable). So I'm skeptical they're that difficult to unload, especially given that inheriting a farm probably isn't something that catches many people by surprise.

by dictum 9y ago

> Doesn't that just boil down to "people who want to do x and have money can end up in a better spot than people who inherited x and have less money?" Is that not a valid criticism?

apetresc 9y ago

Of what?

dictum 9y ago
Not the phenomenon itself — everyone should be free to pick a new career as circumstances and desires change — but of some interpretations of that phenomenon. I don't want to set up a straw man here, but a hypothetical analyst could look at this trend and think something special is happening with farming (as mc32 put: "[thinking] that they have a better farming plan or better farming insight over generational farmers") — picture a cover story with the headline "farming is back", now picture a less upmarket story titled "15 reasons to be a farmer (ear of corn emoji)! You won't BELIEVE number 12!". Whereas it's an iteration of the eternal "strike gold, open a boutique" story.

pc86 9y ago

I guess my hang up is that it seems pretty self-evident. Yeah, money makes things easier. I don't think any of the software developers on this site making 3-5x the median individual wage will argue against that. Assuming for a moment that "money buys things" is a valid criticism of some independently wealthy software developer buying a farm (?), what's the proposed solution to that?

mc32 9y ago
Instead of "criticism" read takeaway or insight, rather than criticism of the preference. I think they are saying, the new farmers can choose that path because they have fall back, not that they have a better farming plan or better farming insight over generational farmers.

simplicio 9y ago

I mean, inheriting a farm is inheriting a lot of money. Were family farmers perfectly rational economic actors, they'd presumably sell their inherited farm and use the proceeds to buy one more suited to the newer, locally grown, organic type farms that are more insulated from the economies of scale that are driving them out of business. But obviously people aren't such rational actors, and farmers have emotional attachments to their farms, the rural areas they grew up in, etc. And so they keep trying to make the old model work, increase their debt loads and hope things will turn around until its too late.

jefurii 9y ago
I can't speak to anyone else's experience but when my uncle took over the (CA Central Valley) family farm he didn't experience a windfall. And most years he made more money at his side job (substitute teaching) than from the farm.
- newfoundglory 9y ago
  The windfall option is selling the farm, not keeping it. And if you inherited something that nobody wants to buy then obviously you're in a poor situation.
- roel_v 9y ago
  But did he inherit it, or bought in? If he bought in at market rates (or even at a low double digit discount), it would be 'buying a job' which is seldom very profitable. That's very different from inheriting but not wanting to sell because of sentimental (economically suboptimal) reasons.
panzagl 9y ago
Selling a farm isn't like selling a house, you can go years with no offers.
- simplicio 9y ago
  Real agricultural land prices have been on a relatively steady increase since the mid-80's (which further suggests the issues with family farms are due to economies of scale crowding out family farmers, rather than farming itself being unprofitable). So I'm skeptical they're that difficult to unload, especially given that inheriting a farm probably isn't something that catches many people by surprise.