The only absolute is there are NO absolutes. Just like with ANY form of business, there are farmers, both large and small, who know how to play the game and make money. I know BTO's and hobby farmers both who manage to turn a pretty penny. Likewise, I know a few of each who are just stringing out the inevitable. They'll run out of credit, run out of equity, and run out of favors soon enough. Just like I won't say there's a clear cut secret to success, I sure wouldn't say there's no way a BTO can't be making money. And while we're at it, I know of quite a few smaller operations that use older equipment, keep overhead low, and still don't make enough to justify their risk.
It's so simple. There are good business operators and there are bad busines operators. The good ones find a way to make their model work. The bad ones find a way to make their model fail.
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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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