Chinese Farmer Reveals His Annual Profit From Growing Wheat

A Chinese farmer from the central province of Henan videotaped himself calculatingh his net profit from growing 5 Mu of wheat field. Mu is a Chinese unit of land measurement. 5 Mu is equal to 0.8 acres. Farmer: “Hello, everyone. Take a look at the harvest I had from my 5 Mu (0.8 acres) of wheat. Altogether it weighs 1,100 kilograms (2,425 pounds). Based on the current market price, I can sell it for 2,300 yuan ($323).” Farmer: “Next, I will tell you how much I spent: 700 yuan for digging trenches for watering and water storage; 300 yuan for harvesting; 250 yuan for plowing; 150 yuan on sowing seeds; 200 yuan on fertilizer or urea; 500 yuan on seeds; and 150 yuan on pesticides. Altogether I spent 2,250 yuan. So the net income for me after one year’s work is 50 yuan ($7)!” Farmer: “Yet those good-for-nothing ‘experts’ claimed that we are having another bumper harvest this year. I really don’t understand how they come to this conclusion.” Social media users in Henan Province, China’s top wheat producing province, revealed that local farmers experienced a huge drop in wheat production this summer. However, regardless of whether it’s a good year or bad year, Chinese agricultural “experts” always claim that “it is another great year with bumper harvest!”