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by timlin
4530 days ago
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I live on a small farm and know quite a few farmers socially. The 5% number seems hard to believe. According to Wikipedia[1], there were 2.2 million farms in 2007. Since the number of farms is decreasing (land development, consolidation, etc), let's say today there are only 2 million. At 5%, that's 100k farms on FarmLogs. That's impressive. I wonder how many of them are paying customers? Especially given that most farmers I know are older (think Baby Boomer age) and are barely competent using the Internet never mind an app/SAAS like this. 1 - https://en.wikipedia.org/wiki/Agriculture_in_the_United_Stat... |
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http://www.ers.usda.gov/topics/farm-economy/farm-household-w...
What is more meaningful is to look at farms with sales of $250,000 per year or more. They're 9% of farms but account for 80% of sales. There are roughly 125,000 farms in this group.