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There's "family farming" where you have a plot of land handed down to you and you tend to it yourself. A few tractors with PTO extensions, and handled by your f
by ObsoleteNerd 7y ago
There's "family farming" where you have a plot of land handed down to you and you tend to it yourself. A few tractors with PTO extensions, and handled by your family and maybe a few local workers. You'd sell to local grocery chains and markets.
Then there's "family farming", where you have a fleet of GPS-and-climate-control-equipped John Deere's on finance and invest heavily in automated irrigation and sell to wholesalers who provide to national chains.
The former are probably fine. The latter, who provide food for the country, are generally running on huge credit lines with payments to meet and in uncertain times like this can (and regularly do) very quickly go bankrupt.
- hilbertseries 7y agoA bill to bailout farmers will pass the house and senate with broad bipartisan support.
- bluGill 7y agoThe later in best off. They are businessmen who know their numbers. Their biggest problem now is low crop prices, a situation that goes back to 2015. An increase in demand is the best things for them. Agriculture is considered essential infrastructure in the US and not stopped. Except they can't get immigrant labor but that is a problem for the small vegetable farmers who don't need or buy the expensive equipment anyway.