Friday, August 02, 2013

Newby Farmers in California

This NYTimes article from yesterday describes a couple going into farming in California.  300 acre farm.
The farm, which is about 40 miles north of the Golden Gate Bridge, cost $3.9 million, but the Smiths were able to get an open-space easement, financed through county sales tax initiatives, that returned $2.2 million, on the condition that their land never be developed. But with all the other start-up costs (infrastructure, machinery and initial livestock outlay), they still needed to borrow $5 million.
The couple want to emulate Polyface Farm (made famous by Prof. Pollan). So they have a staff of around a dozen.  I hope a few of those dozen know something about agriculture and something about business.

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