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Capitalism for farming is brokenRead more
If farming worked the way ordinary businesses work, starting a farm would be a matter of making a business plan, approaching a bank or an investor, and coming to an arrangement about how ownership and profits are split between the farmer and the financial backers. This is the general way that we imagine businesses are supposed to work, and it’s the way of capitalism. An enterprising young farmer with no money (capital) partners with a backer (a capitalist); the farmer invests time and labour, the capitalist invests money, and if all goes well, both farmer and capitalist split the profits.