Buy the cheapest seed you can find to “save money”
Grow the corn non-irrigated
Use custom operators to fertilize, plant, spray, and harvest but minimize what you put down to “save money”.
Gamble the entire year on the commodities market selling your crop.
Even with subsidies this is a recipe for losing money. These “farmers” tend to consistently lose money until they eventually go under after all the equity in the land they own is gone.
I keep hearing this, but someone has to be making money on corn or there wouldn’t be corn. My guess is that the margin is so thin that the only way to put any appreciable amount of money away to get you through a market dip is to do tremendous volume, which would cause the industry to tend to push out small farmers, which kicks off a feedback loop because the big conglomerates are even bigger and can take even longer bad times, so they can snap up even more failed small farmers, etc etc ad nauseaum.
AG 101 “How to lose money on corn”
Rent more land than you own.
Buy the cheapest seed you can find to “save money”
Grow the corn non-irrigated
Use custom operators to fertilize, plant, spray, and harvest but minimize what you put down to “save money”.
Gamble the entire year on the commodities market selling your crop.
Even with subsidies this is a recipe for losing money. These “farmers” tend to consistently lose money until they eventually go under after all the equity in the land they own is gone.
My dude, what lemmies are you subbed to? I want to discuss these things somewhere, can’t find anything reasonable.
I keep hearing this, but someone has to be making money on corn or there wouldn’t be corn. My guess is that the margin is so thin that the only way to put any appreciable amount of money away to get you through a market dip is to do tremendous volume, which would cause the industry to tend to push out small farmers, which kicks off a feedback loop because the big conglomerates are even bigger and can take even longer bad times, so they can snap up even more failed small farmers, etc etc ad nauseaum.