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The profit share for those largest 1% of farms is even greater than 70% as well. I believe it’s around 93% of profits are made from the large operations.
by opinion-is-bad 6y ago
The profit share for those largest 1% of farms is even greater than 70% as well. I believe it’s around 93% of profits are made from the large operations.
- jtuente 6y agoFor reference, 50 hectares (123 acres) is a small farm for an ag community/family. It's not the least bit surprising that they are low profit. Several members of my extended family farm at and above that acreage and a majority of my grandfather's farmland is leased out to a larger family operation since he's retired. Those family members mostly have regular 40/week jobs, since they're just hobby farms.
- opinion-is-bad 6y agoAbsolutely, the cutoff to be a large farm is quite low. I am a farmer myself, but we have a very large plot compared to the cutoff point (~10,000 acres, half of them permanent and half row crops). There are enough difficulties to managing our operation, I would never advise someone to go into the business unless they had an almost religious calling to it.