This Side Hustle Is Helping Land-Owners Earn Up to $60,000 a Year

-


For most farmers, it’s “damn near impossible” to make a living on the land, according to Matt Graham. His family has owned a 700-acre farm in Eagleville, Missouri, since 1886, but today he describes their small cattle and crop operation as a “full-time hobby.”

Graham says making a living from farming is prohibitively expensive, so he has a separate career in the energy sector. To raise cattle full time, he says you’d need a few hundred cows, about four acres of grazing land per cow, and a few tractors — all of which lands at around $15 million in startup costs. “There’s just no way it pencils,” he says. “And there’s a lot of risk in it. It’s weather- and market-dependent, and you can’t control either.”

Related: 20 Side Hustle Ideas for Summer 2024

The rest of this article is locked.

Join Entrepreneur+ today for access.



Source link

Share this article

Recent posts

Popular categories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent comments

Show Buttons
Hide Buttons