Is it Feasible for my Farm to Add an Operator or Hired Employee?

Michael R Langemeier ( August, 2020 )

Summary

As a farm expands, it is important to evaluate the feasibility of adding an operator and/or hired hand employees as well as the feasibility of purchasing or renting additional land, and machinery and equipment. The feasibility of augmenting labor on a farm depends on two critical factors: gross revenue and profitability.

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