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10 acres of farmland is worth around $30,000 its also 200 meters by 200 meters they probably don't need much of a tractor and can probably do with one truck for
by michaelmrose 2y ago
10 acres of farmland is worth around $30,000 its also 200 meters by 200 meters they probably don't need much of a tractor and can probably do with one truck for what amounts to a hobby nobody could live on.
The USDA says a small family farm averages around 231 acres or about $693,000 in land. Even adding the equipment its a long way from 10M in assets and that isn't even accounting for the elephant in the room DEBT.
Any sole proprietorship which is net positive to the tune of 10M is in fact by any reasonable measure wealthy.