A myth that many small and mid sized farmers LOVE to believe is that all large farms are floating in debt. IF you just look at the dollar figures then yes they have lots of debt. IF you look deeper most larger farmers have a much lower debt to asset ratio than smaller farmers. Then look even deeper and the larger farmers have a much lower percentage of farm gross needed for family living expenses.
When I was selling equipment I got to see a lot of farmer's financial numbers. ON average, the larger the farm the better managed it was. The biggest area that was done better was marketing of the crop. Now this was on average. There are very good small and large farms. I am just stating on average.
There are guys managing large farms that could be transplanted into any Fortune 500 company as CEO and make a success of it.
You see and hear of the major disasters. You hear of the flashing EGO driven guys. You do not hear much out of many operations that just hum along growing at a steady, safe pace. I personally know several 10,000 acre Iowa grain farmers that have zero debt. They will weather just about any storm much better than the rest of us.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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