• PumpkinSkink@lemmy.world
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      6 hours ago

      Eah. A lot of “farmers” are land owners who hire other people to work on their farms. The average net worth of an American farming household is like, north of $1.5 million iirc.

      • da_cow (she/her)@feddit.org
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        5 hours ago

        1.5 million is not that much. Also theres a massive difference between how much you own (without debt) and how much money you make. Even while 1.5 million may sound like a lot it is in fact a quite small farm. They are probably not making that much money (also remember, that a lot of their income gets tunneled directly into paying back debt for investments.

          • da_cow (she/her)@feddit.org
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            2 hours ago

            Not just the equipment, but also the costs for land and buildings. In my region a single hectare of land costs around 10-20k€ so for a small farm (which would be at around 50ha) you would pay 500k to 1m € just for the land alone. You havent bought a single piece of equipment, you didnt build a building and depending on what your structure is, you also havent bought a single animal.