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Card 5 / 8:
What accounts for the success of large, commercial “bonanza farms?” What benefits did they enjoy over their smaller family-run counterparts?
Farmers who were able to invest a significant amount of capital in starting up large farms could acquire necessary supplies with ease. They also had access to new, technologically advanced farm machinery, which greatly improved efficiency and output. Such farmers hired migrant farmers to work their huge amounts of land. These “bonanza farms” were often quite successful, whereas family farms—unable to afford the supplies they needed for success, let alone take advantage of the technological innovations that would make their farms competitive—often failed.
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