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 (also called an agriculturer) is a person engaged in agriculture, raising living organisms for food or raw materials.The term usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock.irt farmer is an American colloquial term for a practical farmer, or one who farms his own land. In developed nations, a farmer (as a profession) is usually defined as someone with an ownership interest in crops or livestock, and who provides land or management in their production.