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friendica (DFRN) - Link to source

A farmer's "wealth" is in the fair market value of all the acres he/she owns, as well as in the form of farming equipment assets, so the "wealth" factor people claim farmers have is overblown because it's not liquidity wealth.

okanogen VerminEnemyFromWithin

2025-04-16 16:43:40

mastodon - Link to source

Few people understand modern farming. The consolidation, the incredible inherited wealth, how most farmers borrow to the hilt against their property for new equipment, new pickup trucks, new toys. How many farmers have huge contracts to supply corporate producers, and then the subsidies and set asides. That clown whimpering about the green initiatives and limits on applications "reducing yields" is never going to tell you the rest of the story.

in reply to Radio Free Trumpistan

okanogen VerminEnemyFromWithin
mastodon - Link to source
okanogen VerminEnemyFromWithin
• •
Fucking moron. Most farmers have millions in inherited land. They borrow against it for millions in operating capital and to fund millions in capital equipment and toys that they either write off as biz expenses and or depreciate against income earnings. Yes, they pay back those loans using the operating capital that they borrow, and also derive large incomes from the crops they produce Those aren't the only liquidity tricks they use you absolute oxygen thief.
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