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<blockquote data-quote="db-2" data-source="post: 225186" data-attributes="member: 4743">Soybeans breaking farmers:According to the 2017 annual report from ND Farm Management program.136 farmers in the North Central part of the state had a average net worth of $1,499,983 after debts of $840,875.&nbsp; They also had $613,197 in grain, cash and prepaids that if sold would pay the bulk of the debt in full.Soybeans had a return of $104 over direct cost which was second to wheat of $131.Yield was 29.4 bushels per acre with a price of $8.91.&nbsp; Price today is $7.40/bushel.29 bushel is ok but in this area and with some rain in August they do expect 40/acre.Grew up on a farm, family farms and been associated with farmers all my adult life.&nbsp; All in life has its ups and downs including those on salary and those who owns a business in town.&nbsp; All life has its rich and those who are not rich with monies. Some appear rich while other finally show their rich when they die. Some take more risk than others. Some inherit and some make it on their own. For some it just works out while other struggle all their life financially.In 77 when we did our first net worth statement our net worth consisted of the equity we had in a 77 cutlass which we still own today.&nbsp; Today that cutlass makes up about 1.5% of our net worth.It is just some have learn to complain a lot over the years and others say nothing.&nbsp; db</blockquote>

[QUOTE="db-2, post: 225186, member: 4743"] Soybeans breaking farmers: According to the 2017 annual report from ND Farm Management program. 136 farmers in the North Central part of the state had a average net worth of $1,499,983 after debts of $840,875. They also had $613,197 in grain, cash and prepaids that if sold would pay the bulk of the debt in full. Soybeans had a return of $104 over direct cost which was second to wheat of $131. Yield was 29.4 bushels per acre with a price of $8.91. Price today is $7.40/bushel. 29 bushel is ok but in this area and with some rain in August they do expect 40/acre. Grew up on a farm, family farms and been associated with farmers all my adult life. All in life has its ups and downs including those on salary and those who owns a business in town. All life has its rich and those who are not rich with monies. Some appear rich while other finally show their rich when they die. Some take more risk than others. Some inherit and some make it on their own. For some it just works out while other struggle all their life financially. In 77 when we did our first net worth statement our net worth consisted of the equity we had in a 77 cutlass which we still own today. Today that cutlass makes up about 1.5% of our net worth. It is just some have learn to complain a lot over the years and others say nothing. db [/QUOTE]

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