Thinking of owning a farm? Farming is great for some people but it’s not for all. A farm has many assets and liabilities when it comes to finances. One of the assets of owning a farm is seeing the plants grow and making a profit off of those plants. The liabilities of a farm are the expense of seed, cost of employees, and the cost incurred for plant care. A farm can be very expensive but it can also be very profitable.
A liability of owning a crop farm is the expense of seed. Seed prices can vary depending on the crop that meets the farmer’s needs. Corn has many different types of plant species, from comestible corn to the non-comestible corn. Field corn is a non-comestible corn that is ground in to corn silage. Corn silage is used by farmers to feed their livestock but it can’t be the sole feed. Their livestock corn silage. Farmers need to supplement with feed that has a higher nutritional value it takes 30 pounds of corn seed to cover an acre of a field. Non-comestible corn seed is about $485.00 for a 56 pound bag. (Seedland)
Corn seed is also a liability when it comes to the world of agriculture. For example, there may be a farm that grows only corn, and let’s say that farm has 239 acres of field. It is cheaper to buy silage corn seed than it is to buy alfalfa seed. However, it costs more to plant, harvest, and water the corn, and a farmer only gets one cutting out of the crop. Then there are the possible extra expenses of having corn on a farm: a ground freeze after planting, heavy rain hitting the yearling sprouts, wind blowing sand on the corn acting as sand paper, and animals tearing up the plant. It costs $25,812 to buy enough seed to cover 239 acres of field. 239 acres of field will produce 3900 tons of silage. If a farm...
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...ways a farmer may do it; by making juices, and selling the item in small or big quantities. With those two ways and many more who knows what a farmer can do. (Willis orchard co.)
A farm can be very expensive but it can also be very profitable. Farming is like a gamblers game, you can win or you can lose and become bankrupt. Most farmers do come out on top and can be very successful. But sometimes it’s not for all. Ready to take that gamble?
Works Cited
Gregory M. Perry and Clair J. Nixon. How Much Do Farmers Pay in Taxes?. : Ageconsearch, 2002
James R. Nelson. The Leading Edge of the Agricultural Economy. Moscow, Idaho: University of Idaho, 2001
Novinger, Bill. Personal interview. 1/13/14.
Seedland. . 3/11/14
Willis orchard co.. 2014. 3/1/14 .
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The idea of the family farm has been destroyed by large food corporations. As discussed in class, industrial farming typically leads to the mass produ...
Corn subsides began around the time of the Great Depression, which was intended to save the American farmer. Now the subsidies are destroying the very thing they set out to protect. Corn subsidies have grown into an over-burdensome crutch that enables affluent growers and financial institutions to thrive at the expense of taxpayers and local farmers. The subsidies allow farmers to overproduce corn in an effort to artificially maintain low prices.
In 1919, farmers from thirty states, including Missouri, saw a need. They gathered in Chicago and formed the American Farm Bureau Federation. In 1919, they had one goal, they wanted to speak for themselves with the help of their own national organization. Since 1919, Farm Bureau has operated by a philosophy that states: “analyze the problem of farmers and develop a plan of action for these problems” (Missouri). In the past 94 years, the A...
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...o. “The Great Agricultural Transition: Crisis, Change, and Social Consequence of the Twentieth Century US Farming”. Annual Review of Sociology 27 (2001): 103-124.
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Natural disaster causes damage for lives and their homes. Many families face a danger of lack of water and food, and transportation. Sarah and her children were struggling to survive from that disaster, and the only store is closed to prevent robbers from the community. Therefore, Sarah can perform an action that can be applied and relate to three ethical theories, Emotivism, Egoism, and Kant’s theory
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Logsdon, Gene. “What if Farming for Profit Really isn't Possible.” The Land Institute. Prairie Writers, 2013. Web. 30 Oct. 2013.