The economics of agriculture, or any sector of the economy, are actually quite simple at their core. A product is produced and someone needs to be willing to purchase that product. What is the key to maximum profit? Connecting the product to the consumer in as few steps as possible. The process of getting the product to the consumer can be a very complicated process and every step of the way incurs a cost upon the farmer and ultimately their…
The statistic is quite striking. In 1820 it is estimated that 72% of Americans worked on farms. In 1920, the number was 30%. Today, less than 1%. This concept continues to come up repeatedly. For 200 years, people have been leaving farms for the city. The underlying question is, “Why?” At the Plymouth Historical Society, there are stacks of old books that give a glimpse into the past of Plymouth and the United States. One stack included different copies from…
I spent some time talking to my father this past week about what he knew of life in the early 1900s. I asked him questions about Dr. W.E. Taylor’s book Soil Culture and Modern Farm Methods and was somewhat surprised by his response. His ancestors were not doing much of what Taylor talked about because even if they knew of it, it was likely impractical for them to implement. The process of innovation is often very slow. Taylor and his fellow researchers had great ideas, but…
Though Dr. W.E. Taylor’s book, Soil Culture and Modern Farm Methods, is nearly 100 years old, it contains many practical tips that still apply today. This is the fifth of 5 blog posts on this subject. 5. The need to pursue knowledge and innovation For some reason the label “dumb farmer” has been attached to many of those whose life work is a farmer. The reasons why can only be speculated. The best guess is that many farmers never went to college and may have even missed out…