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I have farmers all around me who have a million $ in assets, but they make very little money. Some years they do well, some they run a loss.
One guy had an old combine that was beyond repair and he needed a replacement. Cost was over $300k Canadian. Him and his wife both have full time jobs in town because the farm doesn’t generate enough money to survive.
They are constantly juggling debt and revenue.
Don’t judge all farmers because you see a few rich ones.
I am concerned that arable land is being lost to suburban sprawl. Most land in southern Ontario and the Fraser Valley has been lost. Now we have to pay inflated prices for imported produce. Ultimately the foreign producers might sell elsewhere and we get none. -
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Insurers routinely make the decision to save money by letting clients die.