Posted by JD Seller on June 13, 2016 at 22:23:55 from (208.126.198.123):
In Reply to: North Dakota Vote posted by Janicholson on June 13, 2016 at 21:37:03:
The trouble lays in what is a Corporate farm. Our family farming operation is incorporated. So are we a corporate farm???? The long and short of it is that farms are getting larger. This treads has been going on for over 100 years in the US. The model of a farm working on 160 acres never has worked. So as soon as the plains were settled that way the farms have been combining.
The average American does not have any idea of what the term "Corporate Farm" actually means. They think of Corporations like GM or Ford owning/operating farms. There is actually very few of those types of corporations operating farms. Want know why that is so??? The average farm works on smaller margins than most corporations would even think of working on.
So the North Dakota vote will largely be meaningless in the long term. It actually may hurt the smaller farms first as these type of laws can easily restrict loans and business structures that are helpful to smaller farmers.
An example is very close to me. We built a hog finishing building this last Fall/winter. That building is how my youngest son will be able to get into farming full time. Under the North Dakota law this type of operation can not happen. Why??? Easy the building, hogs, and feed are not owned by ALL family members. There are two co-owners that are non- family members. Those two owners own 40% of the total. It takes eight family members to make up the balance. We could not have built the building without the two non family members being involved.
The reality of farming today requires millions of dollars of assets to produce a profit to support a single family. The margins are that tight these days. The days of a farm grossing $50,000/$100,000 annually and supporting a family are long gone. A million dollar gross will just barely match a good town job when you figure benefits. So do you know very many young people with that kind of capital to start farming on their own full time???
The corporate farming laws are a feel good type of law that can be pushed by populists with little "REAL" knowledge if the full effect of limited ownership. They actually help cause fewer small farms.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
