Verified FBN Member (SD)

General

The most successful farmers and the ones that just hang on

In your area, when you think of the most successful farmers, is there something they have in common or have done well? What stands out to you that you seem to notice works well and what doesnt?

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Verified FBN Member (WI)

Good thoughts. I appreciate everyone that responded to this subject. I am coming from the side of looking for an opportunity to farm, and al...

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Verified FBN Member (MO)

This all depends on what you define as successful. Lifelong farmer down the road still operates run mostly older equipment has minimal overh...

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Verified FBN Member (IL)

I am 4th generation and my daughter will be 5th. Inheritance is not everything, the key is to invest your money and not just spend your mon...

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Verified FBN Member (ND)

Playing with old money makes things a lot better

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Verified FBN Member (OK)

I think it was Kansas State that did research on this. Know your numbers.


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Verified FBN Member (OH)

What your asking is multifaceted, it’s answered differently depending on where you live, so, where I live, animals that once every farm had ...

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Verified FBN Member (SK, CAN)

I hate to admit that you are 100% right and by no means do i disagree with that. But that’s really not very positive situation for farming t...

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Verified FBN Member (MI)

Very well put. Excellent answer

Verified FBN Member (IN)

I second that.

Very good advise!


Verified FBN Member (MD)

All the ones I know do something different. Raise a special crop, provide some kind of service, sell ag related things.

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Verified FBN Member (TX)

This is a generalization, but the most successful (I’m talking self-made not born with a silver spoon) farmers in any area are the ones that...

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Verified FBN Member (IA)

I agree with this completely!!

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Verified FBN Member (WA, AUS)

Go to work every day and dont stop unitl its done.

use your brains and back your own decisions, learn from them daily and dont look over the...

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Verified FBN Member (IA)

Age old topic, but really about how good your ancestors were at making money, teaching the next generation how to make money, and keeping th...

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Verified FBN Member (IN)

OLD MONEY

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Verified FBN Member (GA)

They all inherited everything. And didn’t have you buy a single piece of equipment or land.

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Verified FBN Member (KS)

In my area one of the most successful farmers built it himself. He also has a wife and son that work their butts off. They do almost all o...

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Verified FBN Member (MT)

The most successful one near me paid for all his stuff. Inheriting sure can help if they don’t waste the opportunity.


Verified FBN Member (SD)

Not one mention of livestock. Good or bad?

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Verified FBN Member (MT)

#1 They get the work done when it needs to get done.

#2 They do not spend unless they need to spend because it will cost them more if they...

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Verified FBN Member (SK, CAN)

(edited)

The most successful around here are communal farmers. Usually 10 to 20 families in one unit. They have large families providing even more...

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Verified FBN Member (KS)

The good planners are the most successful in my area. They have a plan in place and lock in inputs early instead of paying higher in season...

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Verified FBN Member (SK, CAN)

Being efficient with your equipment (1 drill, 2 combines, 1 big sprayer, etc., good infrastructure- gas, power, highway access) and usually ...

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Verified FBN Member (IA)

Success is a different ideal for everyone. For me it’s the difference between farming for money, and farming with money.


I think the bigg...

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Verified FBN Member (MT)

On the paying for land over and over again I understand it's tuff to put a pencil to it. but also I've seen generations get there farms give...

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Verified FBN Member (MO)

I never understood the paying over and over for land either. Seems like an arrangement for income of an agreeable amount until time of trans...

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Verified FBN Member (IL)

I believe the statistic I heard from a USDA official is that 90% of farms rely on off farm income to meet living expenses.

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Verified FBN Member (NE)

Seems like they have another source of income to stabilize their income. Another business or they have a job too or the wife works or they d...

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Verified FBN Member (SK, CAN)

To be honest it is sad but true that what you wrote has a tremendous of fact. But what does that really say about the profession of farming.


Verified FBN Member (IL)

A "not so serious" answer is, it seems like many of the "successful" farms in our immediate area have either sold land to the town or housin...

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Verified FBN Member (IL)

I think hiring the right people makes a huge difference, especially if you've got them doing a lot of skilled tasks. A "self starter" vs som...

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Verified FBN Member (SK, CAN)

Our area has smaller windows then a lot so basically we look at 10 day seeding horizon if you farm 5000 you should be doing 500 a day etc, u...

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Verified FBN Member (SD)

Attention to detail. Anyone can do the big stuff. Its the little stuff that sets farms apart. Self educated farms that have managers and own...

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Verified FBN Member (NE)

In school the lesson comes first then the test. In life it is the test and hopefully a lesson is learned...


Verified FBN Member (WI)

It's a matter of making the right investments at the right time, having a plan to eliminate your inefficiency.

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Verified FBN Member (IL)

They have older equipment and do not get caught up in needing the newest things.

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Verified FBN Member (MT)

All depends on how many acres your farming and cattle your running

Verified FBN Member (AR)

Must be different here.

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