From a resource standpoint, the important point of this comparison is that including the marginal external costs of production and allocating resources based on the full social cost results in a higher price for the good (Ps > Pp) and less output (Os < Op) than only including the private costs.
Today, the nation's farmers are 17 years older than the average American worker, with the ranks of farmers who are 75 years and up outnumbering those in their prime working years of 35 to 44. One big reason U.S. farmers are going gray: spiraling costs.
A farmer is someone who works under the umbrella of agriculture, producing a variety of food products for human and animal consumption. There are several kinds of farmers ranging from farmers who raise animals to farmers who grow crops. There is a quote that is very accurate when describing a farmer - Farmers farm for the love of farming. They love to watch and nurture the growth of plants. They love to live in the presence of animals.