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Because no farmer ever will tell you he had a good year. He should have sold a month earlier than he did, or held on a week longer. Just the way it is, I guess.
by taxcoder 1y ago
Because no farmer ever will tell you he had a good year. He should have sold a month earlier than he did, or held on a week longer. Just the way it is, I guess.
In my business I see their books. Good years and bad years. Some things are more volatile - dairy can swing between losses and significant profits. Layers are pretty steady if you are on a contract, as long as you don't get the avian flu. Produce farmers rarely have a loss year, but their high income years are generally not as high as crop farmers, who sometimes do show a significant annual loss. More risk = more reward.
The last few years have been pretty good overall, for my clients.
- algo_trader 1y ago> In my business I see their books. Good years and bad years. Some Can you share the typical interest rates for these "family farm" (2000 acres?) ?
- stockresearcher 1y ago2000 acres! That’s only worth $30+ million up here in the corn belt. > In 2024, there were over 100 sales of excellent productivity farmland in Region 6. The sale price per acre ranged from $11,000 to $22,508, with an average value of $17,210 per acre. [1] https://extension.illinois.edu/blogs/farm-focus/2025-04-18-2025-illinois-farmland-values-statewide-and-local-perspectives-part-two https://extension.illinois.edu/blogs/farm-focus/2025-04-18-2...
- deleted 1y ago[deleted]
- 9rx 1y ago> That’s only worth $30+ million up here in the corn belt. And more like $60 million (USD; $80 million CAD) in the Canadian corn belt, which is not even nearly as productive. It is astonishing how cheap US farmland is.