By Corsi Martin
I once read that the average American throws out $1,400 in wasted food every year. That is $1,400 that could have been spent on a family vacation, more groceries, a lovely gift for your spouse, a down payment on a car, or a large chunk of credit card debt paid off.
The stereotypical notion that everyone who lives in Texas is either a farmer, rancher or rides their horse to town is obviously a pretty far-fetched one because let’s be honest; not everyone can afford a farm or ranch. The idea of people riding their horses to town is at least half true. All jokes aside, farming and ranching is a family-oriented operation more times than not. It takes a lot of time and money to build a functioning farm, and the profits are typically scarce in cases of small wheat farmers. Young people are starting to realize the financial consequences of maintaining the family occupation. Since the market is so unpredictable and fluctuates often, it is not a steady income.
However, in today’s world, what with all of the hippy lifestyles and the desire to be self-sufficient and financially sound, small ranching has become popular among millennials. You see, when most people think of a ranch they think of horses, cattle, pigs, etc. And for the most part, they are right. Horses and cattle cost much more per head and are expensive to maintain. When a loss occurs, it’s not something that can afford to be shrugged off. It’s a plummet to the bank account and a blow to the confidence in your career.
To read more pick up a copy of the August 2018 NTFR issue. To subscribe call 940-872-5922.