Farming has changed: production has improved, its efficiency has improved, new technologies have appeared, but the cost of maintaining agriculture has also increased. This trend is bad for both beginners and experienced farmers. The cost of agricultural machinery has also increased: the simplest harvester in the USA on the used machinery market costs from $ 100,000. In the same market, you can buy power tractors for prices starting at $ 10,000. You will also need a variety of implements for planting, care and harvesting.
Arable land also rises in value, but the price fluctuates between states and regions. In California, an acre of agricultural land costs $ 10,000, in Iowa it costs $ 7,190, and in Florida it costs $ 5,950. The cost of crop production depends on the season, product and region. For example, corn sells for $ 3.70 to $ 4.33 per bushel. Livestock and poultry sell better. Most farmers rely on some kind of off-farm income to help pay the bills, as on average this income is half of the total family income earned by contract farmers.
Source: agronovosti.ru.
