How do you measure a farm's success?

Opinion

Is a profitable farm the most successful farm? Or is it the largest land base, the one with the newest equipment? Or is it the one whose operator takes a vacation every year or has the lowest debt? Earlier this week, we talked to Dr. Greg Ibendahl, of Kansas State University, and we talked about whether a bigger farm leads to higher profits. I think one of the questions from that is ‘how do you actually measure profitability?’ I got a tweet from John, who says “I’d like to hear more about farm profitability going forward. Making more of anything…