I know a crap ton of farmers non of which have second homes and I guess instead of leaving the house at 6 to go the farm this morning and getting home 12 hours later I should of been sitting on beach in my second home. I don't even do it as full time job. Oh wait I was just driving around watching my corn and bean grow. WTH
Pretty ignorant. I don’t farm but do own a farm in IL. We rent it to a farmer that in total works about 1100. Him and his hand are busy 365, with all of the things mentioned by NrHarris + 100s if other odds and ends. I know about every farmer for 10 sq miles around us and cannot recall a single one that has a second home.
It ain’t an easy life!!!!
I don't doubt you guys. I'm just saying what I have seen.
There are wealthy farmers. No doubt. By definition- if u get “1,000 acres” paid for - or whatever - that would qualify as wealthy- absolutely. Probably the same as any business. “I paid off my small business. All profits stay with me vs going to bank”. Probably took many decades for farmers that didn’t inherit land. & inheriting things also happens in any other type of business or level as well. But starting out… to get to 1,000+ Acres paid off…. Many decades. Much longer than most small businesses. & farmers usually “max out”…. I would guess it’s less than 6 farmers in country that are Billionaires. Only one i can even think of is family who started in 60’s or 70’s buying up huge swaths of mainly potato farms & sold those to McDonald’s. I can’t think off top of my head any other farmers who made it to that level. Think of all the companies that made billionaires & how rare it is for farmers. Or how many farmers are lower to middle class. I know tons of those. So- on averages - I would say the farming community is maybe in middle of pack. Certainly not packed with loads of mega rich folks. U don’t see farmers with fancy sports cars or speed boats or living up fancy vacations on instagram. As a segment- humble hard working group of folks.
…. I’ll bet 90% of farmers I know are Conservatives. Or rather: would be going “Trump or desantis??!?!?” Despise Biden.
There are wealthy farmers. No doubt. By definition- if u get “1,000 acres” paid for - or whatever - that would qualify as wealthy- absolutely. Probably the same as any business. “I paid off my small business. All profits stay with me vs going to bank”. Probably took many decades for farmers that didn’t inherit land. & inheriting things also happens in any other type of business or level as well. But starting out… to get to 1,000+ Acres paid off…. Many decades. Much longer than most small businesses. & farmers usually “max out”…. I would guess it’s less than 6 farmers in country that are Billionaires. Only one i can even think of is family who started in 60’s or 70’s buying up huge swaths of mainly potato farms & sold those to McDonald’s. I can’t think off top of my head any other farmers who made it to that level. Think of all the companies that made billionaires & how rare it is for farmers. Or how many farmers are lower to middle class. I know tons of those. So- on averages - I would say the farming community is maybe in middle of pack. Certainly not packed with loads of mega rich folks. U don’t see farmers with fancy sports cars or speed boats or living up fancy vacations on instagram. As a segment- humble hard working group of folks.
& I’ll bring it fill circle to this thread!!!
He did NOT make his $ farming. He made it as a seed developer/breeder. He patented a lot of soybean genetics & sold those rights to other seed companies. He ended up selling his biz or patents to Bayer I believe. Or something along those lines. With those profits- he bought MORE land. It’s not like the dude made his billions farming. Totally different. He made his billions off of patenting & selling his rights & part or all of his company.
As a person who works with farmers every single day...this couldnt be further from the truth. I can show you multiple who have multiple homes, brand new trucks, new side by sides, wives drive Land Rovers, they have giant multi million dollar shops, fancy houses...the list goes on....MOST farmers aren't hurting for money....they just like to act like it. Trust me I see there finances regularly
He created the round up ready genetic. The guy is a genius I do not believe he has sold anything to Bayer at least last I knew he has not....but correct he did not make his money growing corn!
Once again, I am around these guys literally every single day. They dont have it that rough...I am not saying that a farmers job is "easy". Well unless they are just row crop farmers, their job is very easy LOL.
This is very region dependent.
THIS!!!!!!!!!!!^^^^^^^^^^^!!!!!
This is where I was talking about.
