I agree with your analysis between the difference. A farm will have a lot more up front cost also that a homestead should not have since homestead is about cutting cost. I see the difference between a farm and a homestead as a homestead can make money but they make a little money in a lot of different ways by using a closed circuit where everything produces for something else in the homestead that in return produces for another part of the homestead while also producing by products to bring income. Where as I see farms producing very few products in volume that they sell for a large income but also have a very large cost of production between fertilizer, diesel etc. I have a worm farm on my homestead that produces extra worms and castings to sell but also produces enough for my to grow extra food for my livestock that in turn produce a waste product that circles back to my worms but also producing extra baby livestock, tanned hides and meat that can be sold. I try to have everything brought into the homestead to have multiple uses and produce something for me and my family, something for another part of my homestead and something to sell. Nice article though it is hard for someone to understand the difference between a homestead and a farm when they have never lived on either.
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