8 Things I Learned While Farming this Summer

[Todays_Illusion]

3. As a born on a farm and former farmer, yes.

Farming is one business where you can do everything right and still lose everything to something you have no control over.
Weather, the economy, various disasters, having a crop named in a food poisoning event, etc. The crop can fail, the price can fall below costs.

A disaster is when the crop yield and price are both down.


If you have a great crop, so does everyone else.


I looked at our records after 15 years. I looks like this, every five years, but not necessarily in any kind of order.

One good profitable year
Two break even years
One money losing year
One big money losing year

You need at least one outside income to keep it going and always, always maintain a cash reserve.