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Here Are The "Unlikely" Cities Bloomberg Says Will Drive The US Economy
Back in May we highlighted a report from Georgetown that endeavored to show which college majors were most likely to help students land high-paying jobs upon graduation.
While this would be important under any circumstances, it’s especially important today. Why? Two reasons, i) far from a steady creator of breadwinner jobs, the US economy routinely churns out bartenders and waiters, while the BLS has a habit of “vanishing” the jobless and creating what we’ve called a “statistical mirage” which makes it appear as though unemployment is falling even as the labor force participation rate plunges to multi-decade lows, and ii) graduates are now leaving school with more debt than ever and without decent employment, that debt burden leads to all manner of problems including the postponement of household formation.
The report was unequivocal. To wit: "STEM (science, technology, engineering, and mathematics), health, and business majors are the highest paying, leading to average annual wages of $37,000 or more at the entry level and an average of $65,000 or more annually over the course of a recipient’s career.”
Setting aside the glaring question of whether one wants to count $37,000 a year as “high paying,” the point is that STEM jobs are apparently where it’s at these days unless you plan to become a bulge bracket CEO, a benchmark rate manipulator, or perhaps a doctor. And for anyone out there wondering where the best STEM jobs are, Bloomberg has you covered. Below, find the graphics (which you can click on to access the interactive versions) and some attendant commentary from Bloomberg:
From Bloomberg:
A decade ago, Richard Myers was the director of the Department of Genetics at the Stanford University School of Medicine, where he enjoyed the fruits of a rich endowment and his pick of faculty members and graduate students. So he left behind some befuddled scientists when, in 2008, he left Palo Alto, Calif., for Huntsville, Ala., to launch an independent research lab, the HudsonAlpha Institute.
“‘My God, you’re leaving Stanford for Alabama?’” Myers recalls colleagues asking. “‘What’s wrong with you?’”
Huntsville may not seem like an obvious place to base a center for genomics, a branch of biology concerned with DNA sequences that requires expensive hardware and even greater investment in human capital. Alabama ranks in the bottom 10 U.S. states for educational attainment and median income.
Yet Huntsville, nestled in a hilly region in the northern part of the state, turns out to be a great place to recruit high-tech workers. As of May 2014, 16.7 percent of workers in the metropolitan area held a job in science, technology, engineering, or mathematics—STEM, for short—making it the third most technical workforce in the country after San Jose, Calif., and Framingham, Mass., a Bloomberg analysis of Labor Department statistics shows.
Huntsville is one of a growing number of smaller U.S. cities, far from Silicon Valley, that are seeking to replace dwindling factory jobs by reinventing themselves as tech centers. Across the Midwest, Northeast, and South, mayors and governors are competing to attract tech companies and workers.
Much more in the full post here
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VERY peculiar hometown chamber of commerce video: http://www.philiacband.com/propaganda.html
Any way to get more of that bands music..?..tried this morning to after another one of your links with no success....serious..not patronizing!
There is only one city that will really drive the U.S. economy in the future: Washington D.C. ... and will drive us into the ground.
Huntsville? You mean Red Stone arsenal. So government jobs.
"The base contains a government and contractor workforce that averages 36,000 to 40,000 personnel daily."
" “Who would have ever thought that for your millennials you have to have a kickball league on Wednesday night?” says Mayor Tommy Battle from his 8th floor office in the Huntsville Municipal Complex."
Yea because millenials don't want children they want to BE children, forever.
Also, trying to move highly educated, high I Q white STEM workers into black parts of the U.S. is only going to result in a bunch of dead white nerds, raped white women, home invasions, etc. They'll all be fleeing back to the West coast and white parts of the North East before you know what hit you. The best way to create a racist gun totting redneck is to make a white man live around blacks.
An average $37,000 in a starting salary out of school with the best majors you can possibly get from college?
That's fucking paltry, considering the average student is graduating with $35,000 in loan debt and can barely find a job in the first place.
I was lucky enough to get a job out the door without loan debt (with the average salary mentioned in the artcile) after graduating last Christmas and still have a bitter taste in my mouth. I would say that 90% of the courses I was taught were complete horseshit and had no positive impact on my education whatsoever. Fucking socialist, profit-making enterprise hellholes which run off of the hopes and dreams of naive 20-somethings.
I could only imagine if I was one of the ones who didn't have that luxury. I would be fucking livid.
$50K minimum starting salary for a new engineering or software grad from Georgia Tech, Georgia, Clemson, or Auburn. We hire every one we can. On the other hand, my admin knows to automatically drop all Sociology, Gender and Ethnic Studies, Psychology, Philosophy, Sports Management, and Political Science degrees, and all resumes listing degrees from 2nd tier / 3rd tier colleges, directly into the trash. Certainly no interest in For-Profit night schools / on-line schools.
What is paltry is the skills and value most college grads can bring to justify any salary. Most are negative productivity. No interest or time for someone who knew they were taking useless classes. Makes one useless.
I agree with the criteria you listed, yet I am not any of those myself.
I graduated from a State School two terms early with a degree in Business. The thing is that it's hard to find any jobs nowadays (at least in the geographic areas that I have looked at) that will pay you $50k anymore. Most are not above $40 and the ones that are require that you have job before the job before the job before the job.
This is especially irritating considering that the all of the worthless teachers at college promised that $47,000-50,000 gigs were an average for students going out of the gates when in reality it is like trying to find a damn unicorn. Maybe that is not true where you are, but where I am it certainly seems to be that way across the board.
Regardless if you are a major like Engineering or Tech, a bare 50% minimum of your courses nowadays will be bullshit. Bac core is supposed to "round you out" when in reality it just wastes two years of your time and a ton of money.
The saddest thing that has happened to colleges though- the Liberal Arts Major. What used to be a school of learning for how the Arts, Government, Economy, and Family Life come together to function as an interactive whole has devolved into a crying field for Dykes, Fags, Transvestites, Women's Studies, and a whole other host of freakish endeavors. If the Classical Liberal Arts still existed, I would bet that a whole lot more of our population would be more aware and responsive to the current world crisis that we are currently in.
"devolved into a crying field for Dykes, Fags, Transvestites, Women's Studies, and a whole other host of freakish endeavors."
I walked out of my Speech class last night, two classes in ...I literally could not take the PC propagandizing and pseudo-scientific, bullshitting swill pouring out of this portly PC pachyderm. She said the old "Pat" skit on SNL was the beginning of the Transgender movement in amerika amongst other gems...a factoid she pulled right out of her ass.
Yes, I'm still mad about it because this is a class I not only HAVE to take but also get an "A" in in order to get into a highly impacted STEM program (medical).
I walked out because after several exchanges, I could see the writing on the wall, that in the subjective grading environs of this womyn's classroom, I'd never be allowed to receive an "A".
'I see you have a problem with "our" discipline, Mr Bananamerican"
"No, I have a problem with bullshit. Human Communications is a pseudo-science like economics and I just can't DO this" (all the young, compliant, 3rd world sheepy students sat there gob-smacked
I'm a straight A student except for one "B" in one previous class...
You see, this is my 2nd attempt at "staying the course" w regard to a "Human Communications" course.
These Speech classes are ground zero in amerikan political indoctrination and they are enraging.
I'll learn sign language and try again next semester
I also ditched a Psych 101 class early on in my college days because the "professor" (elderly black racist woman) didn't teach and just stood there spouting anti-white racist stories and shit from the 1960's like the communist party member she no doubt was. She didn't mention the names of any of those evil white men (Jews, really) that invented Psychology, such was her hatred of all whites. She literally just stood in front of the class and told stories from her life without mentioning any major theories, important figures, studies, etc. That's college today for the most part, just a bunch of leftists with an agenda preaching against whites, christianity, men, etc.
Lazy, inaccurate heuristics work for big 'bidness' like yours but you will never keep up with productivity of the firms that take the time to think.
Laughing - we are a VC funded SaaS provider with 55 employees. Not burdened by big company HR political correctness. Every employee delivers value, and nowhere for the mediocre to hide.
Non-union high school dropout forklift drivers can make over $45,000 a year.
$37,000 for a college graduate?
WTF???
So the others will be burnt to the ground . Ok got it
which dot is Detroit?
Starman...hahaha almost spit my Crown Royal all over my tablet....+1
all of 'em...eventually...
starman: I think you just won a prize!
Starman,
You, Sir, win the internet for today...imho :-)
Don't laugh. The Detroit area has been the mechanical engineering capital of the United States for generations.
Huntsville is nice compared to the rest of Alabama, which is kind of like saying the clap is better than herpes. It's a place where you can see an Indian dude in a turban out at a restaurant at dinner not getting his ass kicked out in the parking lot later, which would happen anywhere else in that state.
However, Huntsville is not "reinventing itself." It has always had a shitton of engineering because of NASA Marshall Space Flight Center. That's right, it's a bunch of white-collar welfare workers sucking at the Fed Gov tit, working on a bunch of useless projects that will never go anywhere, and serve only to create paychecks for engineers. The percentage is high because it's a big employer in a small city.
For some reason I could never fathom, Intergraph has a huge facility there also. Between those two, that's 96% of your "high tech" employment in Huntsville. If you like BBQ and catfish, it's a nice stop, but a catfish lunch and BBQ dinner (or vice versa) won't be enough to keep anyone there longer than a day.
Given that Bloomberg omitted the NASA factor, I question the methodology of the entire article.
What about crawdad jumbalaya? Yep you are correct, a friend worked there in Huntsville for NASA. He had some good stories about sheer idiocy there back in the 1980's
I have it on good authority, that they are raping everyone in Huntsville Alabama.
https://youtu.be/EzNhaLUT520?t=61"Huntsville is not "reinventing itself.""
Very true. And it ain't just NASA. I've been to Huntsville a few times for business, and in the airport you are greeted with an assload of huge advertisements for military systems. It is very Starship Troopersesque. And the best part is that much of the population, which is mostly fed from the federal government teat, considers themselves died in the wool conservatives.
Spent a month there, one weekend.
You got that right. If Auburn is playing that town shuts down. It's seriously like driving around the fucking Walking Dead - you wonder where the fuck all the people are. They're all (literally all) parked in front of a TV shouting Roll Tide!
The U.S. Missile Defense Agency also has a facility in Huntsville. And there are a lot of MIC contractor offices around that town as well. Dunno what exactly a genome research lab has to do with either space flight or "Star Wars," but then I'm not an engineer.
mathiness
Same for Knoxville to the tee. It only registers because of fed gov teat suckers still left over at Oak Ridge and some TVA folk. 3rd world as is most of the South without gov handouts. Oh yeah, Atlanta will be the first to burn, worse than when Sherman did it. Atlanta represents everything that's wrong with this nation. Born and raised in GA so I got some right to trash it.
Not DC though or Boston with their billions in Fed grants to uber Academia in tow; Haaaavard and Cambridge, ect.?
One additional comment on knoxville, its an agenda 21 town. Branded by the foolish tee-up golden golfball, the Sunsphere. Remnant of an even more foolish World's Fair under former mayor, and GWB yale roomie, victor ashe. The city government is a reflection of the present mayor, a girl's club member. City workers are cautioned to tow the line on politically correct speech and thinking or face reprimand. Totally agenda 21 oriented and showing plainly in the political and social fabric of this once appalachian red neck, scruffy little town.. Cas Walker must be rolling in his grave.
I worked for a defense contractor in the 1980's. DC or Huntsville were the places you went to when you made a name for yourself in the industry. I preferred life on a fly speck of an island in the Pacific Ocean. Good times!
(There were plenty of flies.) Income was US tax-free, but had to pay a flat 10% to the 'King of the Islands'.
Kwaj? I tried to get my ass out there but never managed to do it.
Uh, you may want to rethink your claim that Bloomberg did not mention NASA. Also I think Bloomberg hit the nail on the head with this paragraph:
"Huntsville’s high quality of living and low housing costs helped convince Curse, a video-gaming startup, to choose the city over Las Vegas and Boulder, when the company was relocating from San Francisco in 2013. “If I pay someone $125,000 a year in Huntsville, they can buy a house and a car and have a very comfortable lifestyle,” said Donovan Duncan, vice president of marketing at Curse. “Pay someone $125,000 in San Francisco, and they wind up living in a house with four roommates and are constantly asking for a raise or scheming on how to get a job at Facebook or Google.”"
That would sum up my opinion of all of the other cities in America at this time.
I would rather live in a shoebox in SF than live anywhere in Alabama again. I would never allow my daughter to grow up in that redneck shithole.
I bet an Indian sporting a turban would have a lot more trouble in Compton or Harlem than any white area of Alabama. Really typical fucked up northern pussy quiefing.
I've lived in Alabama. Have you?
Decatur, just outside of Huntsville, has so fucking much KKK that my boss (who was black), when looking for a house, had his realtor tell him point blank, it's illegal for me to discourage you from moving there, but you will get fucking killed if you buy a house there. He didn't buy a house there.
montgomery sucks, auburn and birmingham are nice, pretty nice beaches, and there are some good looking women, you could do a lot worse
And Red Stone arsenal which is a huge military installation with 40,000 government/contract jobs. Huntsville is 100% a creation of government hand outs.
Whoa, bust ass in a STEM major in hopes of an "average" of $65K/yr? Screw that! That barely qualifies one to retire from the Free Shit Army.
You don't need to go to college to do technology work. I hold a MS in Biology, but I code software in Silicon Valley (a lot of science and math majors do). I'm self-taught, I can do about a zillion different things with a computer and a network, I'm really good at what I do, and even at 56 I can get another job in 2-3 weeks of looking around and get paid north of $130K not many questions asked. I'll probably be hacking around here until I'm 70. Seriously these kids don't know jack.
Technology work in my experience is 100% about what you know, nearly zero% about who you know. And I like it that way.
kind of disagree. For your demographic, no need for a degree. There is no way youre getting an interview without a degree or directly relevant experience. If you're under 25, youve never had the opportunity to get that experience without a degree. You didnt get that experience opportunity as a young person post-2008.
Youre the less extreme example of the baby boomer telling the 18 year old to walk up to an employer in a nice shirt and ask for a summer job so they can pay the entirety of their freshmen year of college tuition without debt. I believe that it worked for you but it doesnt work anymore.
STEM...bust ass? maybe at a few top schools but other than that it's the easy way out for those that could not make it in a real physical science/engineering program...
Science
Technology
Engineering
Mathematics
Why the sudden spike of actual bank repossession of foreclosed homes sitting idle for years? So they can have them on their books when they ask for another bailout during the next crash?
Home repossessions are rising as banks start to clear out foreclosure backlog
Monthly tally hits its highest point in more than 2 1/2 years
http://vegasinc.com/business/real-estate/2015/jun/26/rising-home-reposse...
Last month, lenders finally seized the abandoned two-story house through foreclosure. “Just a month ago?” next-door neighbor Adora Realica said with disbelief. “It’s been empty since we moved here three years ago!”
U.S. Foreclosure Activity Increases 7 Percent in July as Bank Repossessions Reach 30-Month High
http://www.realtytrac.com/news/foreclosure-trends/realtytrac-july-2015-u...
http://www.realtytrac.com/images/reportimages/foreclosure_starts_complet...
I think the connection lies in the rise of property values to the point where banks can now break even or even cash out a bit, rather than take it in the shorts.
You just summed up one of the primary goals of QE and ZIRP. The real crash is going to happen when the banks offload enough of their garbage to survive the next collapse.
and when the gaping black holes in their balance sheets are not so gaping and maybe gray holes.
"I think the connection lies in the rise of property values to the point where banks can now break even or even cash out a bit, rather than take it in the shorts."
But simultaneously and nearly nationwide in different markets? And wrecks that have been sitting unoccupied for years?
"Bank repossessions at 30-month high, increase annually in 44 states."
There is a mostly nationwide increase in housing prices. The great fuck job is that the non-connected people with money to invest who stayed away from the stock market due to the '07/08 collapse but who were searching for yield, put their money into real estate. The banksters with bad loans on their books are quietly selling their property to those investors who lost out on the stock market bubble, but who think they are doing okay with the latest real estate bubble. The ass reaming will be epic.
Agree with the pending epic ass reaming part, but I think I've determined that much of the recent spike in this graph:
http://www.realtytrac.com/images/reportimages/foreclosure_starts_complet...
is due to NJ and NY as seen here:
http://i1.realtytrac.com/images/reportimages/reos_rising_july_2015.png
probably caused by the spike in property values there from Chinese investments as money flees that colossal train wreck in progress.
:) epic is right
So far as your thesis goes, I certainly agree, yet there is another part of the story.
There are only about 800 people in my entire zip code. It is therefore relatively easy to notice population fluctuations, and this is what I've seen this summer...
1) Any house that hits the market is almost certainly under contract in 24 hours.
2) Virtually no houses come on the market at all.
3) As a result of #1 and #2, I am seeing an explosion in the number of 5th wheel trailers parked out in various bare 40-acre plots. No electric. No well. No septic.
My guess is that these ultra-low-end transactions are not showing up in the RE numbers at all, since it is just a land transaction and technically not a legal dwelling sale in any way.
I presume that a lot of them are out here for anti-Big Bang purposes. They may well pack up and go back to Surveillanceville if nothing happens by October, but they are out here now in anticipation of trouble in River City.
Since they may well have drained their bank accounts to buy their trailers and either purchase the cheap land or put down some money on a land contract, they are essentially doing what they can to disconnect from the great global financial system, insulate themselves from bank crashes, and make a stab at regaining their independence.
Very similar to the first batch of hardy and foolish souls who first dared settle this land. There may well be a spark of life left in the flickering embers of the old cause.
So tarabel
I often wondered what tarabel's day job was.
Well done, dear.
It's very kind of you to suggest that I have a steady job-- particularly one that is tied in to the government to some degree-- but, alas, this is not correct and really never has been. Bowing and scraping to anybody, even if I depend on them for food, is not my forte.
Currently, I split my time between running the ranch, setting a new modular on the newly-acquired property across the road (all by myself), and freelance writing.
Which is why ZH is so good for me. I get plenty of practice in being rejected.
So what do you do when you aren't requesting pot shots be taken at you?
There's no reason in the world that someone as interesting and talented as you should ever be rejected.
Unless it's your avatar of a floozy. You might reconsider it.
As for me, not quite 'a jack of all trades, master of none', I am more like a 'a jack of a few trades, etc."
The only explanation for me getting through high school and college is The FORCE which prevented a great disaster for me in Latin class when I was 14 and has been there ever since.
I never tried to make anything of myself and was more successful at that than anything else I did.
I would have liked to run a ranch with snow covered peaks in the back ground. And sit around the fire at night with the other hands singing cowboy songs:
:o)
Banksters are laughing at this study.
Mush, Mush you slaves!
I see a future of walls, crenellations and city states.
I see a future of glaring arc lights, barking dogs and barbed wire.
And I plan on watching the hi-jinks from outside the enclosure.
Without going into the details allow me to suggest that by that time there is no "outside".
Yup.
I've been writing on the subject for a few years now, exploring in fiction how people behave in those situations. If I'm even half correct about the human animal, you won't want to be on the inside of those walls. Not even nearly.
Soon the driving force of the economy will be ReadyReserve and FEMA-camp jobs. Better known as: "Contraband gold, and illicit firearm, securement engineers," and "Resettlement and reeducation security specialists."
"Be all the psychopath you can be."
Zion is a scheme, not an ethnicity..
Albuquerque? Someone needs to put the crack pipe down...might as well be Crapchester...damn Crapchester is on the map...
I started out in engineering in the 80's at $27k... no $37k 30 years later is essentially poverty wages. Globalism is good ... like an nationally sanctioned economic brain embolism.
market top
Thyssen thought so too. Always behind the curve, way behind.
damn, Kevin. Has the cat got your tongue?
You wrote that whole article just to lambaste Kevin?
I think I could live on $37,000 annually if the insurances are right.
Pimp the unwed single moms in the area on CL or BP part time.
And there's no shortage of them. Thanks feminism.
Unlikely cities like Los Angeles and Houston?
Article is garbage.
The only tiny point to it is that STEM work still exists in the US, even after all manufacturing has fled.
Yep, one of the few areas of US excellence was development and manufacturing of medical devices. Obamacare specifically targeted that industry with a special tax. They're fleeing the US. Did the GOProgs do anything about it...like planned infanticide and body parts, INC. Nope
The medical device tax was the 2nd or 3rd wave of .gov fucking up the US. We were #1 for medical device innovation as recently as 2000. Then, the FDA locked down its approved process. Now, innovation first goes thru Europe, where it's less expensive to get approved and easier to implant without lawsuits. Thanks fucking DC cunts.
Myers can thank NASA ..
OH BOY! I live in a STEM city!
I see Chicago is also a STEM city.
This means I live in a suckass city?
Huntsville Alabama has one the highest per capita clusters (disease yes) for scientists in the US. Of course Werner Von Braun (Heil!) had something to do with that; Army Missile Command and NASA, and their attendant fascist partners, Kaptains of Industry.;0
Last year i hired 4 collage grads at $75k in comp sci (they we in a mainframe program), just mid level schools, i have reqs open now at $200k in the US, in that soon to be dead System z (mainframe) 20+years exp req. Imbedded developers where are they as we can not find them. I really tried to push my college kids to STEM but they went the polysci route. i think they will be living in my basement for some time.
I'll fade the STEM recco, and suggest young enterprisers consider farming or welding. The US is still #1 in the world @ farming, and there is always new technology out there to experiement with. People have to eat, too. So you can pick from marijuana to rice to corn to beans to forage to wild ginseng. Welding is also great b/c there is SO much US infrastructure that needs repair. And welding skills are useful in so many applications. Both areas can suffice for 100% of income needs, or done on the side. I'd suggest picking something that doesnt require the massive organization involved in a big company. . . b/c this shitstorm is going to blow.
Let me put some #s together on the farming idea. Say you are choosing between $250k for a 4-year college degree OR 100 cleared acres of land in SC @ $1500 per acre. Let's say it's poor soil, so you grow hay for the horse community. You'll need 2 used tractors, so that's an aditional $50k, plus a round baler (15k used). Figure $25K misc equip and seed/fertilzer. Your first year you dont harvest anything. But by year two, you are putting up 1500-3000 round bales which sell for $55-65 a piece. That would be $90,000-180,000 gross income per year. Plus, the land holds its value, plus the non-nitrogen fertilizer (phosphorus/potash). The grass grows back every year, and you've got a fair bit of depreciation shield for your income taxes.
That STEM 'genius' will make his $130,000 (actively selling out his fellow countrymen on behalf of the .govtards or global corpocrisy), and at the end of the tax year, he'll report $130,000 in AGI so the bastards can fleece him one more time.
You tell me, who's the dipshit and who's the clever one? How much is that fucking piece of paper that says 'I done gragitated' worth? If you die suddenly of cancer, or stroke yourself into vegetative oblivion, what's your degree worth?
I suggest FarmersOnly.com
You make it sound so easy. I'm sure the typical 18 year old nerd going into STEM is equally suited to farm work. I'm sure they have family connections that can tell them how to get a loan for a farm.
You're talking some pie in the sky crazy shit there buddy. The government isn't handing out $250K in loans to white teens to buy farms. They only hand that money out when it goes to their communist buddies in the university system.
And that's even assuming these kids had nearly the work ethic for farm life. Or knew the first thing about farming. You might as well say, "why don't these STEM students all just buy up commercial real estate in Hong Kong?" like some of those dumb fucks (Simon Black) that used to post their stupid articles here.
You highlight .gov loan availability as the reason for STEMmers but not hay farmers. Maybe, but that's why .gov is part of the problem. My point is that .gov is fucking up more and more of the economy, and its STEM vision sounds good, but is really just another economic turd, even when compared to growing hay.
A fellow who wants to farm but can't access loans can rent land. Nationwide, there are many retiring farmers/landowners who cant sell for what they believe is a fair price. Renting their land another way to generate yield.
Growing grass isnt THAT hard, unless you start getting .gov involved (.gov does not subsidize the forage market).
I live in the Lexington Ky area, have 34 different animals on my farm and raise hay for them and for some neighbors. Average price for 5 x 5 round bale is $35.00. Average cost of inputs per bale (lime, fertilizer, equipment amortization, harvesting etc.) is 15 to 20 dollars per bale. Therefore, average net per bale is at best $20.00, if that. Due to weather this year, we got one cutting. So lets use your low number of round bales produced. 1500 bales at $20 per bale net is $30,000.00 for a full time job. Even at a maximum of 3000 round bales, I would only make $60,000.00, which would be an extremely good year and for mixed grass hay. Most horse owners do not want a lot of weeds in the hay they buy so, for them, you have to add in the time and cost of weed control in your fields. None of the associated inputs account for my mortgage and farm maintenance. Good farm land around here goes for 4 to 5 thousand per acre. you can get maybe 3-4 round bales per acre in a good year. So at 3000 bales produced you probably need 500 acres and 2 cuttings. Cost of those 500 acres will be over $2,000,000 dollars. How in hell does a kid just out of high school get a loan for that amount of money, even if he has the $400,000 dollar down payment? Even at the $1500 per acre, as in your post, that cost will be $750,000 for the farm and a down payment of $150,000. Quite a gamble if farm land prices decline. You can be under water quickly and the bank will then own your farm and you will be bankrupt.
Unless one really loves farming and the associated work and gambles involved, you will be better off with a steady pay check. In farming, you better have the habit of saving a lot of money in a good year to offset the bad ones.
I'm in the hay business in SC. My numbers are accurate, and taken from a fellow who I purchase hay from. SC is a hay deficient state, KY is NOT. This explains some of your inability to get more than $35 per bale. But I suspect you grow shit hay, b/c horse hay will sell @ a premium, even if it must be trucked to market.
Tons per acre per year is the relevant metric. If you do it right, your yield should be 3-6 tons per acre, and that's grass hay, not alfalfa.
SC farmland goes for $800-1500 per acre. KY is likely higher, in part b/c KY land is more fertile. In SC's poor soil, grass and pine are your 2 easier options. Also, what grass are you growing? Protein content? fiber content? RFV?
This has been a bad hay year from OH (too much rain) to the Carolinas (too little rain) to Western NY. Locally, farmers are gonna get 4 cuttings, where they get 5 in a good year. But guess what? In a bad year, prices increase $5-10 per round bale. . .
You want to see some good hay in your neck of the woods? Visit Creech.
Every time I look at those maps I see spots before my eyes.
My plumber clears 125k, owns two houses and a condo in hawaii,not sure if he finished high screwl.....
The only problem with genetic engineering is that it's a colossal fraud. Manipulating genes doesn't cure anything and never will.
Similar to genetically engineered GMO Frankenfood, it's a colossal hoax.
As many investers have found out the hard way, Biotech is a hoax. When that reality sinks in the public is going to re-discover that natural health and
food based on complete 90-element ocean nutrition is the only way to cure and maintain health as nature intended.
It's just another impressively complicated sounding obfuscated hoax from the United States of Deception.
Manipulating genes can definitely correct all sorts of conditions - no fraud involved. You know why? Because lots of disease are actually CAUSED by mutations! The genetic engineering is an indispensible tool to create the many "miracle" drugs we have these days - it allows hypothesis testing of specific genes in vivo before targeting for compound development. Based on your comment though I'm sure you have no idea what I just said.
Biotech is not a complete hoax. Genentech is obsoleting chemotherapy for cancer treatment. That injectible RA drug? The drugs for plaque psoriasis? Yup, development by biotech labs.
Genetic engineering may not cure much disease -- it's very difficult to rebuild a human from the blueprint up once said human is grown. But it WILL and DOES allow us to turn existing species of plants and animals into natural, self-reproducing factories for all manner of specialized organic molecules which are impossible to produce economically with industrial methods based on Victorian technology.
Of course, complex organic molecules are and always have been expensive to produce and thus difficult to mobilize on massive scales. You will recall the story of the discovery of penicillin, and how treating a single case of sepsis wiped out two years of laboratory production. Using genetic engineering will require relearning the concepts of APPROPRIATE usage, precision, sensitivity, and scale, as opposed to the industrial "bludgeon it with mass quantities of crap" approach to everything from agriculture to child care.
Perhaps you prefer your foods made out of bleached, processed, "purified" starch enriched with chemically-produced vitamins (and their contaminants) and then adulterated with the fermented residues of corn husk wastes and meat "by-products". I'm not a fan of Frankenfoods, but frankly, what we've had since 1940 hasn't been much better. The modern American diet was created out of artificial substitutes for scarce wartime rations, and has never gone back to Real Food since.
Looks like the perfect targeting map for a nuclear war....