There are a lot of family farms out there that are incorporated. Many as LLC's.
NY 986, you win a big attaboy! Yea I saw that with my fellow students that stayed on the farm after graduation. Dad really wanted to keep the farm going and the kids demanded milking parlors and new equipment in return for staying. Every kid I knew who stayed on that basis and their dads lost their farms in the 80's. I'd say about 17 or 18 of em did that. Our area used to be a lot of 160-200 acres dairies. All but one or 2 gone. The guys that had low debt load and some money put aside and others on the outside who wanted in with backing from parents were very happy with the following "fire" sales.
Bison: 2%? Where do you get that from? With a population of 320 million people and about 3.2 million farming that's about point one percent. A full one percent would be 32 million farmers.
Right now a guy wanting to break into farming better have a family with money backing him or he better win the lottery. People are successfully making it go on "niche" farms. Either sustainable or organic.
But if you go back a lot of the families on farms years ago didn't expect much. Hard work and they didn't have the new cars and color TV's that the folks working in town had. Kids wore a lot of hand me downs and yard sale stuff. Mom did a lot of canning too. They wanted more but didn't expect more. That's why so many left the farm in the 50's, 60's and 70's. Not many families would leave suburbia with all the goodies to go and work for a lot less today. Now life for farm kids is generally better so that trend is changing. Nice equipment with heat and air, you know, heat in the WINTER and air in the SUMMER. Nice houses, sat dishes and cell phones.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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