Farmer salaries up 35%! This Maclean's article should entice some young farmers into the industry.. - Ontario Agriculture2024-03-29T13:23:02Zhttps://ontag.farms.com/forum/topics/farmer-salaries-up-35-this-maclean-s-article-should-entice-some-y?feed=yes&xn_auth=noHi Colin,
There are alot of s…tag:ontag.farms.com,2012-08-06:3646443:Comment:332982012-08-06T15:30:17.083ZRoadrunnerhttps://ontag.farms.com/profile/Roadrunner
<p>Hi Colin,</p>
<p>There are alot of specific business factors to consider when you ask a broad question like that.</p>
<p>I think most land owners would be pleased with the growth of their land equity the past few years...but it is not liquid until it is sold.</p>
<p>Grain prices have been above cost of production for most farmers that past few years unless they have a high overhead cost structure.</p>
<p>Many farmers are asset rich and often cash poor as they prefer to pay down debt ahead of…</p>
<p>Hi Colin,</p>
<p>There are alot of specific business factors to consider when you ask a broad question like that.</p>
<p>I think most land owners would be pleased with the growth of their land equity the past few years...but it is not liquid until it is sold.</p>
<p>Grain prices have been above cost of production for most farmers that past few years unless they have a high overhead cost structure.</p>
<p>Many farmers are asset rich and often cash poor as they prefer to pay down debt ahead of throwing money around.</p>
<p>I agree with some of the Macleans article that farming has been more attractive the past 5-6 years than the previous era.</p>
<p>Every situation is different and not everyone has had success the past few years...it is still a tough profession with so much out of your control such as prices and weather.</p>
<p>Have a nice day,</p>
<p>RR</p> Well put Joann. I'd be curiou…tag:ontag.farms.com,2012-05-26:3646443:Comment:323062012-05-26T00:34:27.634ZColin Lundyhttps://ontag.farms.com/profile/ColinLundy
<p>Well put Joann. I'd be curious to read some other farmers comment on their actual net farm income. I meet a lot of non farming folk who think farmers are well off, with all their recreational toys (4 wheelers, snowmobiles, etc). However, others would have us believe that the average farmers have had a negative income for years. So which is it?</p>
<p>I know we are just scraping by, making just enough to live off of; and by living, it is simple and frugal: no toys, no tropical vacations,…</p>
<p>Well put Joann. I'd be curious to read some other farmers comment on their actual net farm income. I meet a lot of non farming folk who think farmers are well off, with all their recreational toys (4 wheelers, snowmobiles, etc). However, others would have us believe that the average farmers have had a negative income for years. So which is it?</p>
<p>I know we are just scraping by, making just enough to live off of; and by living, it is simple and frugal: no toys, no tropical vacations, eating what we grow, wearing second hand clothes, etc.... It's tough, especially given limited cash flow in the early spring, but I can say this, we are debt free. No debt at all!</p>
<p>How about everyone else? What is your reality? <br/> <br/> <cite>Joann said:</cite></p>
<blockquote cite="http://ontag.farms.com/forum/topics/farmer-salaries-up-35-this-maclean-s-article-should-entice-some-y#3646443Comment32470"><div><div class="xg_user_generated"><p>I have a real problem in the way the article portrays the financial aspects of farm revenues/expenses. (conspicuously absent are capital purchases and the effects on cash flow.)</p>
<p></p>
<p>The eye-catching opening line states "Looking for a good gig that pays over 60K? Consider farming."</p>
<p></p>
<p>OK. Got my attention along with almost everyone else that glances over the article. That line implies farmers have a good "gig" going that pays lavishly.</p>
<p></p>
<p>The article then jumps quickly to state "<em>net farm incomes are rising</em>." </p>
<p></p>
<p>But the very next sentence states the <strong><em>net operating income</em></strong> jumped over 35% over a few short years.</p>
<p></p>
<p>The writer masterfully confuses "net farm income" and "net operating income" in a single paragraph leading people to believe there is no difference between the two.</p>
<p></p>
<p><strong>Cash receipts -(minus) operating expenses = NET OPERATING INCOME + Income in kind - (minus) depreciation = Realized Net Income +/- VIC = TOTAL NET FARM INCOME.</strong></p>
<p></p>
<p>The article, in my private opinion, appears to be very misleading..... either that... McLeans believe there are land fairies much in the same category as tooth fairies. ... and that would indeed get "some youngsters interested".</p>
</div>
</div>
</blockquote> I have a real problem in the…tag:ontag.farms.com,2012-05-25:3646443:Comment:324702012-05-25T17:31:46.733ZJoannhttps://ontag.farms.com/profile/JoannVergeer
<p>I have a real problem in the way the article portrays the financial aspects of farm revenues/expenses. (conspicuously absent are capital purchases and the effects on cash flow.)</p>
<p></p>
<p>The eye-catching opening line states "Looking for a good gig that pays over 60K? Consider farming."</p>
<p></p>
<p>OK. Got my attention along with almost everyone else that glances over the article. That line implies farmers have a good "gig" going that pays lavishly.</p>
<p></p>
<p>The article then…</p>
<p>I have a real problem in the way the article portrays the financial aspects of farm revenues/expenses. (conspicuously absent are capital purchases and the effects on cash flow.)</p>
<p></p>
<p>The eye-catching opening line states "Looking for a good gig that pays over 60K? Consider farming."</p>
<p></p>
<p>OK. Got my attention along with almost everyone else that glances over the article. That line implies farmers have a good "gig" going that pays lavishly.</p>
<p></p>
<p>The article then jumps quickly to state "<em>net farm incomes are rising</em>." </p>
<p></p>
<p>But the very next sentence states the <strong><em>net operating income</em></strong> jumped over 35% over a few short years.</p>
<p></p>
<p>The writer masterfully confuses "net farm income" and "net operating income" in a single paragraph leading people to believe there is no difference between the two.</p>
<p></p>
<p><strong>Cash receipts -(minus) operating expenses = NET OPERATING INCOME + Income in kind - (minus) depreciation = Realized Net Income +/- VIC = TOTAL NET FARM INCOME.</strong></p>
<p></p>
<p>The article, in my private opinion, appears to be very misleading..... either that... McLeans believe there are land fairies much in the same category as tooth fairies. ... and that would indeed get "some youngsters interested".</p> As a 25 year old in the Agric…tag:ontag.farms.com,2012-05-25:3646443:Comment:324652012-05-25T12:59:42.290ZMitch Langhttps://ontag.farms.com/profile/MitchLang
<p>As a 25 year old in the Agriculture sector, I would love to farm. However, the up front costs to young farmers are overwhelming and impossible. Farm incomes are rising, because small farms are being pushed out in favor of larger producers. It takes money to make money. So, no I am not enticed to become a career farmer and if someone advised me to become a farmer, I would explain how it would be finacially impossible. Judging by the average annual income, my great great great grand…</p>
<p>As a 25 year old in the Agriculture sector, I would love to farm. However, the up front costs to young farmers are overwhelming and impossible. Farm incomes are rising, because small farms are being pushed out in favor of larger producers. It takes money to make money. So, no I am not enticed to become a career farmer and if someone advised me to become a farmer, I would explain how it would be finacially impossible. Judging by the average annual income, my great great great grand children would be stuck with the burden of my debt.</p>