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To be clear, I was speaking more toward starting new family farms. Few families can afford to invest the capital required to compete with families like yours t
by voakbasda 3y ago
To be clear, I was speaking more toward starting new family farms. Few families can afford to invest the capital required to compete with families like yours that have inherited generational wealth. Put those assets on a balance sheet charted over time, and I suspect their net value has decreased relative to their productive returns. If so, that’s a large fortune turned into a small one.
Do you honestly think your family could start from scratch and still successfully compete in a saturated commodity market entrenched with others in such a position?
And don’t talk to be about nice markets, because that’s far less farming and much more marketing (as another commenter pointed out).
- tastyfreeze 3y agoSure they have wealth that was grown over time. My family started working somebody else's land. Why would you expect starting a farm now to be easier than way back? There are constantly farms or land in farm country for sale. If owning is too much, starting as a sharecropper is still a possibility. Like any business it requires a lot of hard work and risk to make a successful farm. It is still very possible to start small farming and build up. All of that is separate from the value destruction of inflation. We would all be better off with a stable measure of value.