Quote:
Originally Posted by mldrenen
you've all given me some great ideas and some things to ponder. namely:
1. how valuable is my time?
2. how can i make this process as safe as possible.
thanks, everyone. i really appreciate all of the advice and suggestions.
|
I often hear:
"how valuable is my time?"
And I must stop and consider it.
As this phrase never makes sense in a homesteading context.
Spending a year clearing land, the next five years working the land to bring it into production, and still each year having to consistently stay in that field working it to make it produce. Is a HUGE monumental expenditure of man-hours.
Even if you work that land for the next 50 years, and you manage to get a nice harvest 40 of those coming 50 years. You will never get minimum-wage for your time.
If you considered it an interest bearing investment. It would be bankrupt even after 50 years.
It simply takes too much labor to bring an acre into farm production.
If you look at it as an accountant, you will NEVER get your time paid for.
"how valuable is my time?" Is a capitalist idea.
As many on this forum discover, few homesteading ventures will ever pay you back minimum-wage for your labor.
Consider modern farmers whose land is already cleared, already in production, already at peak nutrition levels, who already have waiting markets.
Many of them have degrees, many of them have >$1million of equipment.
They should be taking home $40/hour right?
"how valuable is my time?" is an argument that simply can not be sued when it comes to this topic.
Do try and be safe though.