The scale of farms you're imagining of all died in the S&L crisis in the 80's.
The mathematical average family farm today is pushing 450 acres, but I know from working for the USDA that figure is VERY bimodal. You've got a LOT of quote-unquote farms that are half-quarter sections (80 acres), and likewise a LOT of ACTUAL family farms that are plowing 2-3 full sections (1000+ acres).
The quote-unquote farms are your hobby ranch operations; horses, sheep, llamas & alpacas, etc. They are farms only insofar as taxes are concerned. Often they're just KHOMA projects. Hobby vineyards and orchards, the sort that make most of their money hosting weddings also fall into this area.
It's a euphemism in the banking industry for situations where a high earning husband subsidizes a wife's money losing enterprise. If you see a restaurant that deals primarily in cupcakes that doesn't go bankrupt in 6 months, 100% guaranteed it's a KHOMA operation.
The scale of farms you're imagining of all died in the S&L crisis in the 80's.
The mathematical average family farm today is pushing 450 acres, but I know from working for the USDA that figure is VERY bimodal. You've got a LOT of quote-unquote farms that are half-quarter sections (80 acres), and likewise a LOT of ACTUAL family farms that are plowing 2-3 full sections (1000+ acres).
The quote-unquote farms are your hobby ranch operations; horses, sheep, llamas & alpacas, etc. They are farms only insofar as taxes are concerned. Often they're just KHOMA projects. Hobby vineyards and orchards, the sort that make most of their money hosting weddings also fall into this area.
What is KHOMA?
"KEEP HER OFF MY ASS" money.
It's a euphemism in the banking industry for situations where a high earning husband subsidizes a wife's money losing enterprise. If you see a restaurant that deals primarily in cupcakes that doesn't go bankrupt in 6 months, 100% guaranteed it's a KHOMA operation.
Gotcha.
Khoma is a progressive and alternative metal musical group from Sweden. Founded by Jan Jämte, Johannes Persson and Fredrik Kihlberg in 2002