1.5 million is not that much. Also theres a massive difference between how much you own (without debt) and how much money you make. Even while 1.5 million may sound like a lot it is in fact a quite small farm. They are probably not making that much money (also remember, that a lot of their income gets tunneled directly into paying back debt for investments.
Not just the equipment, but also the costs for land and buildings. In my region a single hectare of land costs around 10-20k€ so for a small farm (which would be at around 50ha) you would pay 500k to 1m € just for the land alone. You havent bought a single piece of equipment, you didnt build a building and depending on what your structure is, you also havent bought a single animal.
1.5 million is not that much. Also theres a massive difference between how much you own (without debt) and how much money you make. Even while 1.5 million may sound like a lot it is in fact a quite small farm. They are probably not making that much money (also remember, that a lot of their income gets tunneled directly into paying back debt for investments.
Large equipment alone steals the fucking show.
Not just the equipment, but also the costs for land and buildings. In my region a single hectare of land costs around 10-20k€ so for a small farm (which would be at around 50ha) you would pay 500k to 1m € just for the land alone. You havent bought a single piece of equipment, you didnt build a building and depending on what your structure is, you also havent bought a single animal.
John Deere has entered the farm