Welcome to the life of most self employed people. Not many are making a killing if looked at a per hour wage.
Farming is usually a cash poor, asset rich business. It just about always has been.
All businesses change over time. Many see their costs rise and the gross drop as the business their in matures. Farming is a very mature business so the margins are really low.
I think a big part of the dairy industry's falling prices has been partly caused by technology. Parlors and free stall barns have made it so the labor requirement per cow/hundred weight is falling. So the profit margin is falling with that.
I think the dairy industry is going to vertically integrate soon. You may own the cows and still get paid for the mile but you will be contracted to Walmart, Kroger, etc. to buy your milk. The end retailer will be buying your milk directly.
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Today's Featured Article - Two-Brush Generators - by Chris Pratt. Whether for product liability or because the aftermarket parts and labor business is lucrative, this concept is disturbingly prevalent. Fortunately when you step into your shop and make that jump 50 years back in time to work with your old tractor, this concept goes out the window. Even so, when it comes to the charging system, people quickly revert to this idea and start replacing the major components one at a time until it works. The reason you don't find any decals in your replacement set wit
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