COST OF FARMING
The cost of farming
Like any business owner, farmers invest in their operation. This includes equipment, crop inputs, seeds and much more.
A big investment
Equipment is one of the largest purchases farmers make to keep their operations running smoothly.
On average, a Missouri soybean farmer spends $11,526 on equipment per acre
Each year farmers incur costs to protect crops from weeds, pests and diseases and also to provide crops the nutrients they need to be as productive as possible. These are the average costs for a Missouri farmer in one year.
More than a job
Nearly every farmer will tell you that farming isn’t just their job. It’s a way of life. Farmers aren’t only monetarily invested in their farm, they are whole-heartedly vested in farming and so are their families.
Farming a legacy
For some farmers, farming is a family tradition. One that has been passed down for generations. While farmers take pride in continuing this tradition, there is also added responsibility and sometimes pressure to live up to the way of life and carry on the legacy of previous generations.
A demanding job in challenging times
Farming isn’t easy. It’s a high cost, high risk career with the pressure to make decisions daily that impact your livelihood. Couple that with the increasing demands to produce more and better crops with less impact on natural resources, and farmers are under stress like never before. Because of this, more attention is being paid to the mental health of farmers and supporting them. Physicians, first responders and psychologists are being encouraged to pay special attention to any warning signs of extreme stress or potential depression, especially among farmers they work with.