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This is my experience as well. Ranchers and farmers that are established are quite wealthy. Maybe sometimes that's paper wealth or paired with seasonal debt up
by dogman144 3y ago
This is my experience as well. Ranchers and farmers that are established are quite wealthy. Maybe sometimes that's paper wealth or paired with seasonal debt up to their eyeballs. Also probably some extremely single-threaded dependencies (JD and JD authorized repair outlets, seed strains, etc).
- tastyfreeze 3y agoAgreed that a lot of it may be paper wealth. Farming is capital intensive. Having a successful farm often means hundreds of thousands to millions in equipment and infrastructure. Anybody with that kind of capital is absolutely not poor.
- dogman144 3y agoYa, usually paired with significant political capital as well. Ranchers in the west make up a mess of state legislatures, are strong conservation advocates (although in an indirect/slightly selfish way), and so on. If I had the money to plan for and survive the land-value tax issue, I'd probably buy a mess of land and hand it back over to an operator.