Not sure what style of accounting shows that profit, but it's very possible to be massively cash flow negative and still earn a profit on your balance sheet.
While I wouldn't expect most startups to be cash flow positive after year 1, I would expect most businesses report a profit on their balance sheet. Maybe not tech startups where it's hard to put a dollar figure on what 2/3 of a viable application is worth, but when you're buying things like tractors and land which are easy to value you should do pretty well.
Investing in real estate and farm equipment won't hurt the balance sheet nearly as much as it hurts your checkbook
While I wouldn't expect most startups to be cash flow positive after year 1, I would expect most businesses report a profit on their balance sheet. Maybe not tech startups where it's hard to put a dollar figure on what 2/3 of a viable application is worth, but when you're buying things like tractors and land which are easy to value you should do pretty well.
Investing in real estate and farm equipment won't hurt the balance sheet nearly as much as it hurts your checkbook