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.
Everything is of course expensive. One of my exes was a farm girl. They had a smallish farm 250 Acres (101 Hectares).
He had a couple dozen cows, planted every other inch he could find, and rented a few neighboring fields. He had everything for planting/maintaining/harvesting. Anytime something got paid off, he picked up something else. Everything was a juggling act. Every free dollar was reinvested. They lived relatively decently, but modestly. Everyone got whatever they needed; nothing was extravagant. He had some outrageous amount in loans, many millions.
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.
Everything is of course expensive. One of my exes was a farm girl. They had a smallish farm 250 Acres (101 Hectares).
He had a couple dozen cows, planted every other inch he could find, and rented a few neighboring fields. He had everything for planting/maintaining/harvesting. Anytime something got paid off, he picked up something else. Everything was a juggling act. Every free dollar was reinvested. They lived relatively decently, but modestly. Everyone got whatever they needed; nothing was extravagant. He had some outrageous amount in loans, many millions.