I worked with farmers for over twenty years. It is a relentless game of ever increasing efficiency. But what I observed were marked differences in ability to market the crops they grew.
One guy I was good friends with would always sell enough of his crop ahead to pay all his bills if the price was above his cost of production. Sometimes he'd sell two or three years ahead when prices were good. He said in a ten year period he had lots of neighbors who made more money than he did some years only to lose it during the bad years. He said that gambling with borrowed money didn't make any sense, only with your profits.
Knew two guys who let their wives do all the farms marketing. They went to school for it and would network online with other farm marketers. They felt that they were too emotional about it and that it helped their wives feel like true partners.
One guy I was good friends with would always sell enough of his crop ahead to pay all his bills if the price was above his cost of production. Sometimes he'd sell two or three years ahead when prices were good. He said in a ten year period he had lots of neighbors who made more money than he did some years only to lose it during the bad years. He said that gambling with borrowed money didn't make any sense, only with your profits.
Knew two guys who let their wives do all the farms marketing. They went to school for it and would network online with other farm marketers. They felt that they were too emotional about it and that it helped their wives feel like true partners.