ARE FARMERS RICH?


Several of my friends recently sent this blog post to me because I have blogged about a similar topic Growing up a rich rancher’s kid. Lindsay Mitchell, the author of this piece does a nice job of explaining and providing examples of where and how the money is spent.

bag of moneyNot surprisingly, it’s one of our highest ranking search terms.  Apparently, tons of people want to know if farmers are rich.

And I think the answer is, no.  They are rich in all the things that matter, but are pretty middle class.  They just deal with a lot of money coming in AND a lot of money going out.  And all that money coming in looks like a lot if you don’t know the whole story.

So here it is … the whole story.  I hope you take the time to read through what sounds confusing and get to the summary at the bottom because it’s worth it!  Promise.

INPUT COSTS

In order to grow a crop, farmers must buy things like seeds, equipment, chemicals and fertilizer (surely one of you has a bag of Miracle Gro around for the garden, right?).  And there are also the costs that you…

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