If your farming doesn't pay for itself it just gets ground down more and more until you end up doing the scrapyard challenge way of farming where everything you touch breaks, everything is knackered and held together with bale string, 6 tractors and one good battery between them etc etc. That is pretty much where we were and it was bloody miserable.I tend to disagree,farming if a way of life. It’s in your blood and the want to farm is pretty hard to get away from. Yes it’s a business but if we expect to be paid fir every little thing we do it would never work. The economics would usually are in favour of selling if it’s an owned farm as the money that’s invested in land and machinery would earn a high amount of profit invested wisely.
Or you can farm because you enjoy it and subsidise it with money from elsewhere, nothing wrong with that but it isn't a business any more it is a hobby no matter what the scale.
Well in my case I bought a much smaller farm, did the house up and built some new sheds. I have carried on doing what I love doing but without so much pressure and with equipment that works.I agree with what you say but what can you do with the money?. I know neighbours who sold and invested. Turned out very badly but its easy to say badly in hindsight. They are looking at their former farms now worth alot more .
The farming part won't make me any money but the increased value from investment in the property has made me a lot richer (only if I sell of course). That wasn't why I did it but it is a nice bonus, I have probably made more money in the last 3 years than in the last 3 decades.