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by timlin
4537 days ago
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Sure, you're making my point exactly. The soundbite "5% of farms in the US are using Farmlogs" sounds impressive doesn't really mean much without further qualification. In fact, I find it misleading. So did you, evidently. There are two (at least) different definitions of "farm." One is large commercial business often utilizing a thousand acres or more. I suppose these are FarmLogs' focus? The other is family-operated (except for seasonal help perhaps), typically less than 250 acres. I live in Lancaster County, PA where farms average 78 acres. The farm I live on (and operate) is ~50 acres and has crop & animal revenue far less than $100k. But it's still a viable farm. Average revenue per farm in Lancaster County is $183k. That's another almost meaningless number without knowing the distribution. I'd guess 10% of the farms I know are much more than $250k. http://www.lancasterfarmlandtrust.org/heritage/farming-lanca... |
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If you're talking farms with over a million dollars in sales per year (around 40,000) then having 2000 farms using FarmLogs is highly significant.
Either way very proud of this Michigan startup's success to date.