High Yield Investing - #4903
Wednesday, October 26, 2005
My wife grew up on a small farm where her Mom and Dad and she and her sister were all the hands they could afford. It was a lot of hard work and it was a struggle to survive. So even though I'm a city boy, I care about the struggles that so many independent farmers face today. In many cases, it seems like a struggle to survive, especially with so many large, corporate-type farms coming on the scene. But I was heartened to read in a recent USA Today article a new idea that some are trying with a fair degree of success. Basically, these farmers have customers who pre-order what they would like to buy, and the farmer then plants it and sells it to them later. So if I wanted so much corn or so much beans, I'd order that and even do some pre-paying for it - which takes some of the pressure of upfront expenses for the farmer. In a sense, it's buying a share of the harvest before it comes in - and then enjoying the fruits of your investment when it does.