In AR farming is a 1% profit margin business at best. I have a buddy that farms 5,000 acres of rice and beans. He borrows over a million dollars a year for operating costs and nets less than I do at a regular job. He is adamant that his kids will not be farmers.
My grandfather did well on 8,000 acres, but he only made cash money by selling the land. Left dad with 800 acres. Dad tried to expand, but even when land was 200$ an acre, dad could not make a living at it. "Buy retail and sell wholesale" just does not work.
I have tried it before myself and would do so again, but I just can not make the numbers work no matter how many other jobs I have. The price of land here is something out of a fantasy movie or cartoon.
Last edited by BlackBranchFarm; 03/28/24.
