Farmers in the United States are considered to be any entrepreneur who sells agricultural products for more than $ 1000 per year. If the farm does not sell anything, or its annual turnover does not reach this amount, then this is considered a simple kitchen garden. At the same time, there is a clear division of farmers according to their farming method:
- Owners of small farms, most often of elderly age, who are engaged in farming purely as a hobby.
- Organic farms, specializing in high-quality products and, accordingly, applying new technologies in their business.
- Large agricultural holdings that produce the vast majority of products for the United States and for export.
It is the latter two types of farms that receive the lion’s share of the profits. Accordingly, the difference in the concept of how much a farmer earns between the first and second or third categories will be very large. Large farms and organic agricultural enterprises often use the principles of precision farming, which can increase profits quickly and efficiently, primarily by reducing costs and increasing the speed of harvesting. These technologies include:
- Using of GPS for automatic steering of tractors.
- Drawing up accurate weather maps and forecasts, landscape maps.
- Using automatic fertilization and insecticide application.
- The use of drones for monitoring fields and spraying fertilizers.
- ·ntroduction of new types of agricultural machinery for harvesting and processing fields.
All of them require initial considerable costs, but subsequently, they pay off in full. Well, the reasonable economy is always a part of ag business. But the statistics says that farmers in Iowa (this state is one of the leaders in the agro-industrial complex in the country) say that in financially successful years it was considered in the order of things to buy new combines, tractors and cars every two or three years. Recently, money is no longer spent with such ease. Nevertheless, about 40% of farms bought a new tractor in 2015.