History of Ag is very interesting and would be beneficial in this discussion. 6.8 million farms down to 2.1 million farms. Average farm size increasing from less than 200 acres in 1935 to over 400 acres in 1975 and staying relatively consistent since then (thanks in part to hobby farmers). The farm crisis of the 1980's was very significant. 21.6% prime rate!!! 20% of the farms held over 60% of the farm debt. Farm sales due to bankruptcy were wide spread. Yields ramped up significantly from the 1980's to present day. NE ks dry land corn yields increased from less than 100 bushels per acre to over 150 bushels per acre. No till and minimum till farming impacted the amount of labor needed to farm more acres. Monoculture farming allowed for much larger machinery, which in turn again allowed for less labor required to farm more acres.
I am sure many of you are from farm families and are aware of these generalities, but for those of you that are not, just make sure you all understand that not every family farm was/is like Steve Dave's family farm.
Gonna win 'em all! (using Tapatalk)
