Steve Kettelle, successful real estate broker
When several ultra-rich celebrities and businesspeople tried their hand at organic farming, they found the going a little rough.
Of course, they knew going in that growing any kind of crop these days demands not only a high level of skill and knowledge, but a comprehensive grasp of factors affecting the bottom line. Didn’t they?
According to an article in WSJ. Money magazine, these modern-day gentleman, and gentlewoman, farmers – who had hoped to prove the principles of organic farming once and for all – instead found it costly, incredibly labor intensive and full of confusing and often conflicting regulations.
“The nation is in the middle of an organic-food boom, and in case you haven’t noticed, a surprising number of boldfaced names are becoming part of it. That includes Oprah Winfrey. …as well as comedian Roseanne Barr.
This gentleman’s farming—or gentlewoman’s farming—movement has spawned its own lifestyle brand.
But the good intentions of these type-A types notwithstanding, the economics of organic farming are a potential blow to their fairly large egos. These are individuals with scores of successes in life, but experts say that despite the price premiums that come with organic labeling or other likeminded practices, the math doesn’t always work out. It is just too expensive to do.
With organic farming, there’s an issue of scale that makes turning a profit hard. In myriad ways, conventional factory farms benefit economically by virtue of their size; not just by purchasing feed and seed in volume, but also in handling pest and weed control. For example, on an organic farm, weeding can be far more labor intensive because it can involve actual weeding. And crops can wither due to one problem or another, with no jug of Roundup to remedy the situation.
“We had a late-season blight which consumed an entire potato crop….It can happen in a day,” says Steve Kettelle, a successful Florida real-estate broker who started a certified-organic farm in Pine City, N.Y., after partially getting out of the business before the bust, Kerrelle has learned over time to maintain a good diversity of crops in case one fails, which they inevitably do. He considers himself a success story in that he’s in the black with his roughly five acres of produce, but he concedes if he factored the time he puts into his plot, his hourly earnings “would probably be below minimum wage.”
Author: Passy, C.
Title: The New Gentleman Farmer.
Source: The Wall Street Journal. Available at: http://online.wsj.com/news/articles/SB10001424052702303997604579242722533288250