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Well the issue isn't the boom and bust. It is the new leverage that has been made over seas that has forced the American farmer more pressure. Knowing this the
by baldfat 8y ago
Well the issue isn't the boom and bust. It is the new leverage that has been made over seas that has forced the American farmer more pressure. Knowing this the Federal Government made a huge multi-billion dollar safety net for the farmers and I am guessing it wasn't enough.
The thing is this won't cause one acre of farmland to go unused it just means other farmers will have larger farms.
- sparrish 8y agoThis is exactly what will happen. All these hobby farmers that thought they could make a living off of organic asparagus are getting a wake up call. I'd like to see the bankruptcy data about the 'age' of the farm. My guess is a significant portion were recent start ups.
- baldfat 8y agoThat number will be very small. I am guessing it is the farmers that couldn't buy more land and got land locked by their neighbors huge farms. I had a friend who's dad was a wheat farmer and he actually went and rented land and did his own farming. They both owned about 5 square miles of farm space. Last time I checked he was at around 12 squares.