The only absolute is there are NO absolutes. Just like with ANY form of business, there are farmers, both large and small, who know how to play the game and make money. I know BTO's and hobby farmers both who manage to turn a pretty penny. Likewise, I know a few of each who are just stringing out the inevitable. They'll run out of credit, run out of equity, and run out of favors soon enough. Just like I won't say there's a clear cut secret to success, I sure wouldn't say there's no way a BTO can't be making money. And while we're at it, I know of quite a few smaller operations that use older equipment, keep overhead low, and still don't make enough to justify their risk.
It's so simple. There are good business operators and there are bad busines operators. The good ones find a way to make their model work. The bad ones find a way to make their model fail.
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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.
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