Welcome to the life of most self employed people. Not many are making a killing if looked at a per hour wage.
Farming is usually a cash poor, asset rich business. It just about always has been.
All businesses change over time. Many see their costs rise and the gross drop as the business their in matures. Farming is a very mature business so the margins are really low.
I think a big part of the dairy industry's falling prices has been partly caused by technology. Parlors and free stall barns have made it so the labor requirement per cow/hundred weight is falling. So the profit margin is falling with that.
I think the dairy industry is going to vertically integrate soon. You may own the cows and still get paid for the mile but you will be contracted to Walmart, Kroger, etc. to buy your milk. The end retailer will be buying your milk directly.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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