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$200 per machine per year. You use to just buy the manual and you had it forever. Farms sit on 1-2% profit margins on average but with a 30% swing in potential
by AngryData 2mo ago
$200 per machine per year. You use to just buy the manual and you had it forever. Farms sit on 1-2% profit margins on average but with a 30% swing in potential yield. They don't like subscription services because their yearly income is unreliable at best and they don't have any margin to waste on bs they might not use.
- laughing_man 2mo agoFor a large commercial operation, $200/year is nothing, but it's enough to hurt the smaller guys.
- noisy_boy 2mo ago$200/year, now.
- laughing_man 2mo agoTo put this in perspective, a large John Deere tractor with a corn header costs in the neighborhood of $1.25 million.
- laughing_man 2mo agoEh... I was thinking of harvesters, not tractors.
- noefingway 2mo agoA buddy of mine just bought 2 John Deere 8R tractors, he says he got a deal at $1.6 mil. $900k for the tracked machine and $700K for the wheeled. His combines are close to $1mil when you add in the grain heads.
- artisinal 2mo agoWhere I am from most farmers are millionaires. They are all corporations. 200 per machine per year is nothing to them.
- vidarh 2mo agoIn the US, according to USDA, the median total family income for a farming family is ca $108k
- SideQuark 2mo agoWhich is a huge amount over the median all family income in the US of 83k. So in that sense farmers are richer than average Americans.
- anon7000 2mo agoI would not say $1-$2k/mo extra income counts as a huge amount richer. It’s like 58th percentile by family income. I don’t really think it makes sense to call solidly middle class income rich in any sense…
- SideQuark 2mo agoIt’s 25% richer. That’s huge amount. Most people, if given a 25% income boost, could make a lot of quality of life changes.
- staticautomatic 2mo agoThey’re asset millionaires and maybe gross revenue millionaires, but not typically net income millionaires.
- artisinal 2mo agoMost millionaires are asset millionaires. Almost nobody has a million in their savings account.
- tancop 2mo agoFarms are some of the least liquid assets. Not because it's that hard to sell them but when your whole income depends on owning something you can't just decide to give it up. And the social networks you depend on for things like finding seasonal workers or helping out after a natural disaster break down if you move.
- like_any_other 2mo agoIt's not about the money. It's the thin edge of the wedge, separating you from control over your own property - and handing that control to someone else. Arguing about what a reasonable price is, or how they can use vs. abuse that control, is like arguing how the prison guards should treat you, instead of trying to escape.